Thanks! These Personal Service Contracts (aka Family Caregiver Agreements) are actually legal documents that are drawn up by an estate attorney to assist with a Medicaid applicant's assets. For example, if a person has $10,000 in a bank account, a Personal Services Contract can be drawn up by an attorney to use that $10,000 to pay another person of their choosing to assist with things related to certain aspects of their care. This money/income is not associated with Medicaid or waivers/reimbursements/payments Medicaid might pay a person for. Because this money was provided to me through this contract, it is considered self-employment income, with a 1099MISC being provided to me by my parent. Just not sure how to answer whether or not this income qualifies for a Qualified Business Income deduction. That is the question I am truly stuck on with all of this. Any assistance with this question would be greatly appreciated!
