You'll need to sign in or create an account to connect with an expert.
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?
Since "insurance" is not an occupation, entering sales or consultant is what will work.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
zbchristy501
Returning Member
npubbi
New Member
winnie217
New Member
ycarreto17
New Member
shivasfeet
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.