Is Software Development a Specified Service Trade or Business?
Bill is engaged in the trade or business of licensing software and not engaged in an SSTB in the field of consulting within the meaning of section 199A (d) (2) or paragraphs (b) (1) (vi) and (b) (2) (vii) of this section. (Final Regs, page 231)
What is a specific trade or business SStB?
Investing and investment management Defined as an SSTB: The performance of services that consist of investing and investment management refers to a trade or business involving the receipt of fees for providing investing, asset management or investment management services, including providing advice with respect to buying and selling investments.
