My wife is a babysitter and receives money for this service. We fill out a Schedule C. Does this money count as wages or would it be Qualified Business Income (QBI)?

posted

Connect with an expert

1 Best answer

Accepted Solutions

My wife is a babysitter and receives money for this service. We fill out a Schedule C. Does this money count as wages or would it be Qualified Business Income (QBI)?

It's not wages, but it is eligible for QBI deduction.

View solution in original post

1 Reply

My wife is a babysitter and receives money for this service. We fill out a Schedule C. Does this money count as wages or would it be Qualified Business Income (QBI)?

It's not wages, but it is eligible for QBI deduction.

Still have questions?