Qualified Business Income

[terimac4]

Good evening,

I am a 1099 employee of a company where I provide educational services. I work with residents who are getting their teaching license. Everything is online and I provide services to the residents with scoring their work and holding meetings.

Would this qualify me for the QBI? 

[LeticiaF1]

As long as you just offer advice and you are not doing sales of educational services you should qualify for QBI,   Most Schedule C filers, LLCs, partnerships, S corporations, estates, and trusts qualify.  There are also some income limits you must meet.  To see if you qualify:

1. Open or continue your return.
2. Select Federal and then Deductions & Credits.
3. Scroll down and select Wrap up tax breaks. Done with Deductions/tax breaks.
4. Proceed through any screens. If you qualify, you’ll see a screen that shows the exact amount of your QBI deduction.

If you would like more information visit the IRS Instructions for Form 8995-A Deduction for Qualified Business Income

[terimac4]

I wasn't sure if it was considered wages. I am 1099ed by a company and I was confused on how that is looked upon. I don't do sales, but I am like an college advisor, who also grades work for their credential program.

[MinhT1]

Your income reported on Form 1099-NEC isn't wages. It's self-employed income and you're eligible for the QBI deduction.

Please this TurboTax Help article on the QBI deduction.