@swick wrote:
In my research, I did not see anything saying income had to be REPORTED on a 1099 or W-2 to be eligible for the deduction.
If this is the case, is would exclude a very large population of workers (independent hair stylists, massage therapists, nail salons, etc).
Unfortunately, the law itself says it must be reported on a 1099 (for a self-employed person). The "transition" guidance for this year also says that.
Yes, unfortunately that excludes A LOT of self-employed people from claiming that deduction I suspect that those who made the law included that requirement to reduce fraud, but unfortunately, that drastically limits the number of self-employed people who can claim the deduction.
