Qualified business deduction can a construction self employed or babysitter qualify for This deduction. Also does a 1099 qualify for this deduction given from employer

Forum|Forum|6 years ago
December 7, 2019
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Best answer by George4Tacks

https://www.irs.gov/newsroom/tax-cuts-and-jobs-act-provision-11011-section-199a-qualified-business-i...

Generally employers should not be issuing 1099's. Why was this done?

George4TacksAnswer

Level 15

https://www.irs.gov/newsroom/tax-cuts-and-jobs-act-provision-11011-section-199a-qualified-business-i...

Generally employers should not be issuing 1099's. Why was this done?

Answers are easy. Questions are hard!

Just-Lisa-Now-

Intuit Community Champion

Im so glad I hit all those new tax law education seminars this year!

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

abctax55

Level 15

Only YOU, based on your professional experience AND all the CPE that you've done (right?) concerning 199A can determine whether your client's activity/income rises to the level of a trade or business.

HumanKind... Be Both

abctax55

Level 15

IMHO - the construction client - YES to 199A.

The babysitter....maybe.

Give us more info on the babysitter and we'll all form a collective opinion.

HumanKind... Be Both

George4Tacks

Level 15

I think people go to a babysitter is a " trade or business where the principal asset is the reputation or skill of one or more of its employees." and therefore NOT a Qualified Trade or Business.

Even construction might be a one person shop and hence relies on the reputation of the tradesperson.

I just love how clear the lines are.

Answers are easy. Questions are hard!

Just-Lisa-Now-

Intuit Community Champion

you mean an SSBT, not a qualified trade or business...right?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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