REG 1 - Module 4 Flashcards

1
Q

What professions are considered qualified trade or business (QTB)?

A

Butcher, baker, candlestick maker

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2
Q

What professions qualify as specified service trade or business?

A

Doctor, lawyer, and business professional

Also, celebrities and rock stars

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3
Q

Lower threshold for QBI

A
Single = $160,700
Married = $321,400
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4
Q

Higher threshold for QBI

A
Single = $210,700
Married = $421,400
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