Qualified Business Income question

leefam · ‎February 3, 2020

Regular income is paid by local store via W-2, but commissions/bonuses are paid by corporate via 1099-MISC. Is the 1099-MISC amount for commissions/bonuses considered Qualified Business Income (QBI)?

DianeC958 · ‎February 4, 2020

No, it is not because it is related to your W-2 job and the amount of the commissions/bonuses are reported in box 3 of the 1099-Misc.

Link to more information about Qualified Business Income deduction

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View solution in original post

DianeC958 · ‎February 4, 2020

No, it is not because it is related to your W-2 job and the amount of the commissions/bonuses are reported in box 3 of the 1099-Misc.

Link to more information about Qualified Business Income deduction

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

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Qualified Business Income question