QBI Deduction

My husband was a private contractor for most of 2019 for a museum. He was hired full time in October to do the same job that he had been doing previously. Does that 1099 income qualify for the QBI deduction since he was self-employed first?

posted

Yes, if he has a net profit after deducting expenses from his 1099 MISC, he should be eligible for a QBI deduction up to 20% of the net profit amount.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"