I receive a W-2 and 1099 from my employer. W-2 for branch management, 1099 is for sales commission. This has been the case for 15 years. Can my 1099 be QBI deducted?
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I receive a W-2 and 1099 from my employer. W-2 for branch management, 1099 is for sales commission. This has been the case for 15 years. Can my 1099 be QBI deducted?
majority of income was 1099d to me. I am below 315K restriction. I'm in the construction material supply field (fencing) not installing, just negotiating relationships, paid on commission. Same employer w-2's my salary for managing a branch
I receive a W-2 and 1099 from my employer. W-2 for branch management, 1099 is for sales commission. This has been the case for 15 years. Can my 1099 be QBI deducted?
Yes. The restriction you mention is only applicable if your business is a specified service trade or business (SSTB). For more details about the Qualified Business Income Deduction (QBI) please see the following.https://ttlc.intuit.com/replies/7019998
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