- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Do I check the box that my income is Qualified Business Income if I receive a 1099-MISC?
Is 1099-MISC income QBI?
Topics:
1 Best answer
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Do I check the box that my income is Qualified Business Income if I receive a 1099-MISC?
It depends. If you end up filing a Schedule C / Self-Employed to report this income, then the profit would be qualified income for the new "Qualified Business Deduction."
1 Reply
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Do I check the box that my income is Qualified Business Income if I receive a 1099-MISC?
It depends. If you end up filing a Schedule C / Self-Employed to report this income, then the profit would be qualified income for the new "Qualified Business Deduction."
Still have questions?
Make a post
Or browse the Forums