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As an Advisor I received $ 1,483 on a 1099-MISC. in box 7 as nonemployment ccompensation, Does this count as a Qualified Business with deduction capabilities

 
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As an Advisor I received $ 1,483 on a 1099-MISC. in box 7 as nonemployment ccompensation, Does this count as a Qualified Business with deduction capabilities

Yes, you may claim this income as an advisor on Schedule C for self-employment.

You will claim the QBI and other expenses. 

However, you will need to upgrade to TurboTax Self-Employment to generate the form and claim the expenses.

For more information about the product you need, follow this link: TurboTax On-line Self Employed

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