Jump to content
ATX Community

199A and Home Office Deduction


Yardley CPA

Recommended Posts

Home office deduction is a deduction attributable to a qualified business, so it does reduce QBI. 

It can be a specified service business if it falls under the category of "consulting".  The regs define consulting as the provision of professional advice and counsel to clients to assist the client in achieving goals and solving problems.  The performance of service in the field of consulting does not include the performance of services other than advice and counsel, such as sales or the provision of training and educational courses.  Facts and circumstances used in making the determination include, for example, the manner in which the taxpayer is compensated for the services provided.  Performance of services in the field of consulting does not include the performance of consulting services embedded in, or ancillary to, the sale of goods or performance of services on behalf of a trade or business that is otherwise not an SSTB if there is no separate payment for the consulting services.

  • Like 1
  • Thanks 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...