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Schedule C or E
I have multiple 1099-Misc I receive from the oil/gas operators from a result of this work. I was not sure if I should put all these 1099-Misc on a Schedule E and add a QBI, or if I should do this on a Schedule C. I am also having a hard time understanding if I would qualify for a QBI (my income levels allow this, but it’s more of the work I do, that I want to be sure I am allowed to claim this).
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March 20, 2021
5:22 AM