Do I qualify for the QBI deduction? I do not own a business but I am self employed.

[kyla495993]

I am unsure if I qualify for the QBI deduction or not. I got a 1099-NEC form back because I am self employed, but I do not know if I qualify for this deduction or not.

[Anonymous_]

See https://www.irs.gov/instructions/i8995#en_US_2022_publink1000294645

[kyla495993]

I did read over that but I am still just a bit confused. 

[Anonymous_]

Confused about what, exactly? There is an income limitation but it is not really much more complicated than that if you have an active trade or business.

[kyla495993]

I don't actually own a business but I work for a company that I am self employed through. I saw some articles that said some self-employed individuals may qualify but I wanted to clarify if that was correct or not. 

[Anonymous_ · Accepted solution]

Yes, whether you are aware of it or not, you actually do have a "trade or business" if you are self-employed (i.e., an independent contractor).

[kyla495993]

Thank you!