QBI eligibility after 3 years

nap1963 · ‎April 16, 2023

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?

ShirlynW · ‎April 16, 2023

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."

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View solution in original post

ShirlynW · ‎April 16, 2023

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."

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QBI eligibility after 3 years