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jtaitano1767
New Member

Can independent contractor income which I receive a 1099-MISC be considered qualified business income?

My wife's company receives books from a major publisher.  She is contracted to read the books and writes quizzes, which her company sends back to the publisher.  Her quiz writing is done from home and receives a 1099-MISC for nonemployee compensation at the end of the year.


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Accepted Solutions
MinhT
Expert Alumni

Can independent contractor income which I receive a 1099-MISC be considered qualified business income?

Yes, your wife's net self-employment income is qualified business income and she is eligible for the QBI deduction.

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MinhT
Expert Alumni

Can independent contractor income which I receive a 1099-MISC be considered qualified business income?

Yes, your wife's net self-employment income is qualified business income and she is eligible for the QBI 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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