business code and qualified business income - schedule C

Forum|Forum|6 years ago
February 14, 2020
1 reply
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Hello,

what is the most appropriate business code that should be listed on schedule c for a job where one drives/moves new vehicles from one lot to another?

and what should be the answer to the question:

is this a qualified business income? Yes or No?

worked for this employer for a short while (200+ hrs) as a contractor and received 1099-misc

Best answer by AmyC

Yes, you are qualified for the QBI discount of 20%.The code has several options since none are specifically for that line of work. Parking lots and garages is code 812930 and you are performing a service for someone.

AmyCAnswer

Employee

Yes, you are qualified for the QBI discount of 20%.The code has several options since none are specifically for that line of work. Parking lots and garages is code 812930 and you are performing a service for someone.

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