ETax847 Posted April 5, 2022 Report Posted April 5, 2022 I have recently come across a few clients that have received bonuses on a 1099-NEC from an entity different from their employer. Are these bonuses that are reported on SCH C eligible for the QBI Deduction? Quote
KenO Posted April 5, 2022 Report Posted April 5, 2022 Should it be entered as Other income subject to SE rather than business income? Do they actually have a business? Quote
ETax847 Posted April 5, 2022 Author Report Posted April 5, 2022 Excellent point! My brain is fried at this point in tax season. Thanks for the guidance Quote
Possi Posted April 5, 2022 Report Posted April 5, 2022 I know that car salespeople receive "spiffs" on a 1099. In that particular case, it is other income not subject to s/e tax. So, I think it depends on your particular situation. 3 Quote
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