1099-NEC QBI Eligible

It may.  The IRS presumes that income reported on an IRS form 1099-NEC is self-employment income reported on on Schedule C Profit or Loss from Business.  The income (net expenses) may qualify for the qualified business income deduction.

Create the self-employment activity and report the IRS form 1099-NEC as income in the self-employment activity.

In TurboTax Premium Online, report income and expenses under Self-employment income, follow these steps.

• Down the left side of the screen, click Federal.
• Down the left side of the screen, click Wages & Income.
• Click on the drop down arrow to the right of Self-employment.
• Click to the right of Self-employment income and expenses.
• At the screen Tell us the type of self-employment work you do, enter the answer and click Continue.
• Establish the self-employment activity and report the income and expense.

Within the self-employment activity, under Business Summary, you will answer questions about whether the qualified business income deduction is eligible for this income.