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I worked as a Secretary for one week last year, so they gave me a 1099-NEC, now my turbo tax is giving me $111 in Qualified Business income deduction. Not sure why

 
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2 Replies

I worked as a Secretary for one week last year, so they gave me a 1099-NEC, now my turbo tax is giving me $111 in Qualified Business income deduction. Not sure why

being a secretary (self-employed) results in a 20% QBI deduction

DianeW777
Employee Tax Expert

I worked as a Secretary for one week last year, so they gave me a 1099-NEC, now my turbo tax is giving me $111 in Qualified Business income deduction. Not sure why

It is because of the 1099-NEC. This form indicates self employment activity which in turn allows the qualified business income deduction (QBID). 

 

There is no need for concern and the IRS would expect this result on your tax return. Continue to complete your return and file.

 

@mhubbart44 

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