Question

If I am in sales and collect non taxed income from the manufacturer and report the income amount by 1099 Misc, am I eligible for the Qualified Business Income deduction?

Forum|Forum|4 years ago
April 11, 2022
1 reply
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I am employed with an RV company

TurboTax Deluxe Online

You would be qualified for a qualified business income (QBI) deduction if you reported the income you earn as self-employment income, as opposed to "Other Income." Since the income you receive is for services rendered, it should be reported as self-employment income on your tax return.

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