Question
Is this activity a qualified trade or business under section 199A ?,YES /NOfiling joint, using TurboTax Deluxe, I added my income $2560. from 1099-NEC self-employed.
is this activity a qualified trade or business under section 199A ?
I am using TurboTax 2022 Deluxe, and I already added the total income of $2560. as reported on my1099-NEC for the year 2022, (for painting job as self-employed).
Turbotax generated Schedule C. to be completed. first question asking me :
(is this activity a qualified trade or business under section 199A ?)
I am not sure which one to choose/check YES or NO? and any other forms need to complete along with Schedule C?
there was no loss to be claimed, keeping in mind that the total amount was only $2560. For the whole year 2022.
I am using TurboTax 2022 Deluxe, and I already added the total income of $2560. as reported on my1099-NEC for the year 2022, (for painting job as self-employed).
Turbotax generated Schedule C. to be completed. first question asking me :
(is this activity a qualified trade or business under section 199A ?)
I am not sure which one to choose/check YES or NO? and any other forms need to complete along with Schedule C?
there was no loss to be claimed, keeping in mind that the total amount was only $2560. For the whole year 2022.
