DawnC0
Intuit Alumni

Business & farm

I don't think you need to change your answer to the qualified business income question answer since your business does qualify.  Your work at a private school constitutes a trade or business and you have properly reported the income on a business Schedule C.  Am I considered self-employed?

If you want to review the qualified business income questions, you can go back through the Schedule C questions in TurboTax and update your selections.  You will see the income listed under ''Business Situations'' if you are using desktop Deluxe.  Click on Update and you can review all of your entries.  

Or, a quicker way, you can click on Forms in the upper right corner, scroll through the list of forms and click on the Schedule C for your business.  Scroll all the way to the bottom.  The last section is titled Qualified Business Income Deduction Info.  The two questions asked during the interview are A (yes, it is a qualified trade or business) and D (see the list of SSTBs in the link below).  The SSTB classification only matters if your taxable income is over $157,500.

What is the Qualified Business Income deduction?

View solution in original post