Second Draft Version of Publication 535 Removes Real Estate and Insurance Agents/Brokers from SSTB Category
In the full draft revision (January 7, 2019) of Publication 535, the IRS removed the language that had previously included real estate agents and insurance agents as specified service trades or businesses from the full publication.
In a previous version of the document the IRS, issued on December 19, 2018, the IRS had provided the following definition of a brokerage business:
Brokerage services, including arranging transactions between a buyer and a seller for a commission or fee such as stock brokers, real estate agents and brokers, insurance agents and brokers, (emphasis added) and intellectual property brokers;
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