I am self employed but I received a 1099 NEC - can...
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
suerusty
Returning Member

I am self employed but I received a 1099 NEC - can I still claim my profit as a Qualified Business Income (QBI)

 
2 Replies
Mike9241
Level 6

I am self employed but I received a 1099 NEC - can I still claim my profit as a Qualified Business Income (QBI)

the NEC is for those who are self-employed. you can either enter the form and all info or enter on schedule C as if you didn't receive the form.   the IRS does not get the detail of the NEC entries only the total revenue reported on schedule C. 

suerusty
Returning Member

I am self employed but I received a 1099 NEC - can I still claim my profit as a Qualified Business Income (QBI)

I missed typed.  I wanted to know if I can still claim my profit as a Qualified Business Income (QBI) if I received a 1099 NEC as part of the overall income for my business. 

Dynamic AdsDynamic Ads
v
Privacy Settings