Originally Posted by
Bigdaddy
I believe that a professional gambler's income will qualify for the 199A deduction. As for the above concern, the proposed regulations define this very narrowly to include only celebrities and people who receive royalties for use of their name, etc. Therefore, since the professional gambler's income is business income, and it is not one of the specified service trade or businesses (SSTBs), it should qualify for the deduction.
Also note that if the taxpayer's income falls under a threshold amount ($157,500 for single and $315,000 for married taxpayers), then the prohibition on SSTB income does not apply. So even doctors, accountants, etc. can claim the deduction as long as their taxable income falls under these amounts.
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