DianeW777
Expert Alumni

Get your taxes done using TurboTax

Yes, you will answer yes to the question about starting or closing your business since it's a one time job for self employment (independent contractor).

 

You should answer yes to the qualified business income deduction (QBID) questions.  The self employment by design is a business and entitles you to this deduction and TurboTax will calculate it for you.

 

This is a special deduction that came about with the Tax Cuts and Jobs Act (TCJA) for 2018-2025, to give businesses a special deduction.

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