- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Tax Year Prior to 2020: QBI for independent contractor
During 2019 my (former) employer converted me to an independent contractor. I was required to resign my position and agree to a new IC agreement with the company. I perform essentially the same work. Worked remotely (from home) before and after this transition. My income is now reported on a 1099-MISC rather than a W2.
Can I claim this as Qualified Business Income (QBI)?
I understand that the IRS may view my 1099 income as wages, but I can document the change from employee to IC, and that appears to allow me to claim this income as QBI income.
‎February 4, 2020
10:49 AM