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qs4NBC
New Member

business income

We do not own a business. Why is there a business income shown? What caused this?

2 Replies
VolvoGirl
Level 15

business income

Where is it showing?  Did it fill out a schedule C?  Did you get a 1099Misc for something or a K-1?

Hal_Al
Level 15

business income

Rental income counts as business income for purposes of the new Qualified business income deduction (line 10 of form 1040).

As VolvoGirl suggested, entering a form 1099-misc or K-1 could be interpreted as business income, depending on how you answer the follow up questions.

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