Reporting Gig and Rental Income for Form 1040 Filers  

The gig and sharing economies allow individuals and groups to utilize technology advancements to arrange transactions to generate revenue from assets they possess or services they provide. This course covers the individual income tax reporting related to generating revenue from a service or from an asset in an easy to understand format. The qualified business income (QBI) deduction is explained as it relates to taxpayers in the gig economy and includes charts, worksheets, and multiple examples. This basic level course is most beneficial to professionals new to gig economy taxation who may be at the staff or entry level in an organization but also for a seasoned professional with limited exposure to this topic.