Could rent, laptop, educational training & professional membership fee be tax deductible if I am paid by 1099?

Question

any one help please?

Answer 1

Rules for a home office are very strict. A portion of the costs MAY be deductible if you qualify and meet all of the requirements, not the least of which is that the space used for a home office must be exclusively for that use and none other.

The portion of the laptop costs attributable to business use is deductible.

Education and training needed to maintain your current qualifications or improve your skills is generally dedectible as are professional fees and membership in professional organizations.

I'd suggest that you consult with a tax professional -- a tax attorney or CPA, not a storefront tax preparer as they cannot give legal advice -- for advice specific to your situation. Threre are requirements that must be met for all of those items and you want to make sure that you are on the right side of the law.

Answer 2

Yes, they CAN all be business expenses. It can be difficult, to determine, but generally whatever portion of your expense is used for business, then you can write off that portion. For example, if 10% of you apartment/house/where ever you live, is used for an office for you business, then you can write off 10% of your rent as a business expense. If your office is primarily for you to surf the net for your own personal use, then you cannot write off any of it.

If your business required that you get a laptop computer, then you can write that off as a business expense. However, if you are spending more time playiung games than doing business, then you might have a hard time justifying that expense.

Professional memberships and education is generally always considered a legitimate business expense.

There is a lot of grey area. I tell people to be reasonable, don't be greedy when determining business expenses.

Answer 3

the in problem-free words monetary employer cost it truly is a deductible on a own aspect is the cost for cashing a CD early. Overdraft prices are in no way deductible, even on a employer go back as they don't look to be a "needed or consumer-friendly" rate.