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Do I qualify for the QBI deduction?

I do creative marketing work for a business and receive a 1099-NEC. Do I qualify for the QBI deduction on my federal income tax (i.e. is this activity a qualified trade or business under Section 199A)? I make less than $340k when filing jointly. Thank you.

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1 Reply
Vanessa A
Expert Alumni

Do I qualify for the QBI deduction?

Yes, marketing is a qualified trade or business.  A Qualified Trade or Business, includes "any trade where the principal asset is the reputation or skill of one or more of its employees or owners"

 

So, since your income is less than $340k for married filing jointly, you will be able to take the QBI deduction. 

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