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Get your taxes done using TurboTax
I'm finding that TurboxTax is not identifying my 1099-misc income as QBI for the 20% discount when I identify my work as 'insurance'. If I change it to 'consulting' and leave all numbers the same, TurboTax will generate Form 8995 with the income as QBI and the 20% deduction.
The income should qualify. Any ideas why it is not?
March 2, 2020
8:15 AM