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QBI question - Former employer, different tasks
I recently left my former company and established an LLC to contract out Financial services.
After I had left, the former company had asked me to come back to train new individuals which was unrelated to my original work.
I received a 1099 from them for my work and had submitted it as QBI in TurboTax given that the work was unrelated to my work when I was still an employee at the company. After thinking it over, I'm not so sure I should have done that anymore?
What is your take on this? Would I qualify for the QBI or should I submit a revision? The generated income was roughly about $5,000
March 29, 2020
10:52 PM