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Level 5
June 3, 2019
Question

1099 income from doing accounting = Qualify for Section 199a deduction

Hey there - 

I was hired by a company on a trial basis and paid 1099 income. They later hired me as a full time / W2 employee

The job was mostly doing accounting work, but maybe 10% of the work was not involved in accounting.

Will any of the 1099 income qualify for the Section 199a / Qualified Business income deduction of 20% ?

TIA,  Tom

2 replies

Level 2
June 3, 2019
1099 INT/DIV IS ATAXABLE DOCUMENT
Level 5
June 3, 2019
Hey D, I don't think this relates to my question.  Thx, T