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New Member
posted Jun 4, 2019 12:10:06 PM

I am a self employed Insurance Agent. I get 1099 from the companies I work for. I go to people's homes and enroll them. Will I be able to get QBI 20% deduction?

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5 Replies
Level 15
Jun 4, 2019 12:10:08 PM
New Member
Jun 4, 2019 12:10:09 PM

The answer is not clear.  I am a self employed Medicare sales agent.  I receive 1099 and run my business from my home.  I do not seem to fit into the excluded list you mention above.  I believe I am able to receive this deduction.  Do you agree?

Level 9
Jun 4, 2019 12:10:11 PM

Nothing in your posts indicate that you don't qualify for it, which means you likely do qualify for it.

Returning Member
Mar 2, 2020 8:15:44 AM

I'm finding that TurboxTax is not identifying my 1099-misc income as QBI for the 20% discount when I identify my work as 'insurance'. If I change it to 'consulting' and leave all numbers the same, TurboTax will generate Form 8995 with the income as QBI and the 20% deduction. 

 

The income should qualify. Any ideas why it is not?

 

@tcole825 

Expert Alumni
Mar 2, 2020 10:32:58 AM

Since "insurance" is not an occupation, entering sales or consultant is what will work.