Would a commercial real estate brokerage firm be considered a specified service trade business for the (QBI) deduction?
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No for two reasons:
1 "Section 199A(d)(2) defines a SSTB in reference to Section 1202(e)(3)(A), which includes among the businesses ineligible for the benefits of that section:
…any trade or business involving the performance of services in the fields of health, law, engineering, architecture, accounting, actuarial science, performing arts, consulting, athletics, financial services, brokerage services, or any trade or business where the principal asset of such trade or business is the reputation or skill of one or more of its employees
2. Most of the leases they deal with are no doubt triple net which eliminates those properties from consideration"Dude, you are correct" Rapid Robert -
I believe that was changed to only stockbrokers. real estate brokers may now take the 20% see the following from intuit proconnect: https://proconnect.intuit.com/taxpro...fied-services/
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