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mcbeth5028
New Member

Qbi as a independent truck driver? I have a 1099-MISC

 
1 Reply
JohnW15
Intuit Alumni

Qbi as a independent truck driver? I have a 1099-MISC

If you're a self-employed driver, you should qualify for the Qualified Business Income deduction.  If you're an employee, you won't.

Please bear one thing in mind, as some people have been confused by the new law:  this is an exclusion of up to 20% of their qualified business income from federal income tax, but not from self-employment tax.

Please see TurboTax FAQ "What is the Qualified Business Income deduction?" below for more information.

https://ttlc.intuit.com/replies/7019998


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