vluebbe
Level 1
12-07-2019
05:51 AM
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How can I report all of the income earned for 199-A purposes? Taxpayer as a statutory employee receives a W-2 but also has Schedule C income form his insurance sales. The QBI worksheet at the end of Schedule C uses only the net income form Schedule C and none of the W-2 statutory income.
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itonewbie
Level 15
12-07-2019
05:51 AM
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Nothing surprising in that because QBI is not based on gross income and has to be adjusted for deductions that are attributable to that qualified ToB.
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itonewbie
Level 15
12-07-2019
05:51 AM
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Did you link the input for the statutory employee W-2 to the correct Sch C?
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itonewbie
Level 15
12-07-2019
05:51 AM
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Also, if your client also received 1099-MISC income, that probably belongs to another ToB and should be reported on a different Sch C along with the related expenses, which may require allocation.
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