qbteachmt
Level 15
12-16-2019
12:35 PM
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The 1099-Misc doesn't go on a Sched C. All earnings from the consulting operation are on the Sched C. The operation(s) that results in the Sched C is what is subject to the QBI regulation.
The 1099-Misc is a notational function, which means it is used for reporting what happened when it meets the reporting threshold. It doesn't define anything regarding the QBI. If your client made $5m from consulting, but no one paid more than $599, there would never be any 1099-Misc forms used for reporting.
You are relating things that do not relate.
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