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fsoconnor
New Member

Do I check the box that my income is Qualified Business Income if I receive a 1099-MISC?

Is 1099-MISC income QBI?

1 Best answer

Accepted Solutions
KittyM
Level 2

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."

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1 Reply
KittyM
Level 2

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."

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