Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Feb 13, 2020 4:31:26 PM

Do I check yes or no for qualified business income regarding 1099-MISC? It is for participating in surveys not related to W-2 income.

0 1 188
1 Replies
Expert Alumni
Feb 13, 2020 4:51:30 PM

If you entered into this activity as a trade or business (e.g., with a profit motive) and you were not an employee for this activity, then you can qualify for the QBI deduction. 

 

A qualified trade or business means any trade or business other than the trade or business of performing services as an employee.

 

• Includes an activity that is treated as a trade or business for all relevant federal income tax purposes.

• Includes certain rental real estate activities.

• A taxpayer may have multiple trades or businesses.

 

To learn more about QBI, click here.