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."
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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