Do I qualify for QBI if I receive a 1099-MISC. I work as an independent contractor in my home for a website.

jrolls · ‎June 6, 2019

I am itemizing home office expenses and received a 1099-MISC for work as an independent contractor for a website.

DanielV01 · ‎June 6, 2019

Yes, Sole Proprietors can qualify for QBI. Work as a Sole Proprietor, or a contractor, is considered Qualified Business income (as long as it is not derived from a Foreign Source). How much QBI will calculate on your return will depend on a number of other factors, however. (It is a very complicated formula).

To help you understand what you may be entitled to claim, please see the following FAQ: What is the Qualified Business Income (QBI) deduction?

[Edited 4/11/2020 to improve link]

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DanielV01 · ‎June 6, 2019

Yes, Sole Proprietors can qualify for QBI. Work as a Sole Proprietor, or a contractor, is considered Qualified Business income (as long as it is not derived from a Foreign Source). How much QBI will calculate on your return will depend on a number of other factors, however. (It is a very complicated formula).

To help you understand what you may be entitled to claim, please see the following FAQ: What is the Qualified Business Income (QBI) deduction?

[Edited 4/11/2020 to improve link]

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

AceSwat · ‎March 28, 2020

Thank you for the concise answer! 🙂

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Do I qualify for QBI if I receive a 1099-MISC. I work as an independent contractor in my home for a website.