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Level 4
December 7, 2019
Solved

Is the manicurist with 1099 MISC a qualified business ? to be reported in schedule C in order to get a qualified business income deduction in 2018

  • December 7, 2019
  • 1 reply
  • 18 views
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Best answer by itonewbie

It's not a matter of reporting the income on Line 21 or Sch C but whether the activity rises to the level of §162 trade or business.  That's something you will need to evaluate with your client based on all the facts and circumstances.

1 reply

itonewbie
itonewbieAnswer
Level 15
December 7, 2019

It's not a matter of reporting the income on Line 21 or Sch C but whether the activity rises to the level of §162 trade or business.  That's something you will need to evaluate with your client based on all the facts and circumstances.

---------------------------------------------------------------------------------Still an AllStar