QBI eligibility after 3 years

nap1963 — Sun, 16 Apr 2023 14:18:23 GMT

I am a software engineer - working for the same company since 1992. In 2018 I was switched from a company employee to a contractor. I have received a 1099-NEC for the past 4 years. The supplied help for QBI eligibility states that a contractor in my situation is not eligible for the QBI deduction for 3 years. Am I eligible for the QBI deduction now that I have been a contractor for more than 3 years?

Re: QBI eligibility after 3 years

ShirlynW — Sun, 16 Apr 2023 19:11:46 GMT

Yes, you are eligible for the QBI deduction. The Treasury Department and the IRS adopt this comment. "Section 1.199A-5(b)(2)(vii) of the final regulations provides that services within the fields of architecture and engineering are not treated as consulting services for purposes of section 199A."

topic QBI eligibility after 3 years in Self employed

QBI eligibility after 3 years

Re: QBI eligibility after 3 years