ThomasM125
Expert Alumni

Self employed

The income limitations for qualified business income (QBI) deduction purposes are based on your adjusted gross income, so splitting the income up by applying it to schedule C's may not help you. 

 

Unless your spouse or daughter operated their own business, it would not be appropriate to treat them as subcontractors. If you direct their work, they would probably be considered employees in the eyes of the IRS, so it may be more appropriate to issue them a W-2 form than a form 1099-NEC.

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post