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Tag Archives: QBI

QBI update: IRS draft contradicts prior guidance on real estate, insurance brokers as SSTBs

December 28, 2018

The IRS has issued a draft form (Publication 535) that directly contradicts proposed regulations provided this past August, specifically lumping real estate agents and brokers as well as insurance agents and brokers with all other “brokerage services” as Specified Service Trade or Business (SSTB). Furthermore, it extends the definition of brokerage services to any income sourced

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