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February 24, 2021
Question

Is this Qualified Business Income

  • February 24, 2021
  • 1 reply
  • 0 views

I am employed as a teacher and receive a w-2 from my school district. I also teach highschool students college credit. The college pays me with a 1099-NEC. Would I be eligible for the 20% qualified business income deduction?

    1 reply

    Employee
    February 24, 2021

    Yes, your self employment income qualifies for QBI.