- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
This TurboTax Help states:
Whether you are a sole proprietor, an independent contractor, a consultant or a freelancer, you are probably getting some or all of your income reported on a 1099-NEC, 1099-MISC or 1099-K.
The IRS may presume that 1099-NEC box 1 income is self-employment income subject to self-employment tax and the Qualified Business Income Deduction (QBID).
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎January 28, 2021
3:26 PM