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Level 1
June 6, 2019
Solved

Do I check the box that my income is Qualified Business Income if I receive a 1099-MISC?

  • June 6, 2019
  • 1 reply
  • 20 views

Is 1099-MISC income QBI?

Best answer by KittyM

It depends.  If you end up filing a Schedule C / Self-Employed to report this income, then the profit would be qualified income for the new "Qualified Business Deduction."

1 reply

KittyMAnswer
Level 10
June 6, 2019

It depends.  If you end up filing a Schedule C / Self-Employed to report this income, then the profit would be qualified income for the new "Qualified Business Deduction."