I have been an independant contractor, CFP, financial advisor. I worked for one of the big firms for 28 years, never as an employee, always 1099. I ran my own business with support staff and office rent and all that fun stuff. I qualified for the QBI since it came out. The firm, Ameriprise, allowed us to set aside a percentage each year into the NQDC. I set it to pay out to me over 10 years after I no longer am contracted with the firm. That started in 2021, hence my questions and not understanding. Ameriprise issued the 1099-NEC. I have always paid SE tax on my earnings and I will be paying SE on these distributions as it is income that I have earned, just delayed. Thanks for your help. The material from the IRS is not helpful.
The Grump One
