Tax question?

2 ⤊

As someone who was hired as an Independent Contractor and received a 1099 misc. with only Nonemployee Compenstation, write off only business expenses pertaining to that particular job or the career itself?

2007-04-07 16:20:18 · 2 answers · asked by Nature Boy 2 in Business & Finance ➔ Taxes ➔ Other - Taxes

2 answers

only direct expense needed to earn the money that is reported on the 1099Misc.

2007-04-07 16:52:50 · answer #1 · answered by Jo Blo 6 · 2⤊ 0⤋

Expenses for earning the money on the 1099-misc, like travel or supplies and equipment, yes. General expenses related to that career, no.

2007-04-10 03:14:20 · answer #2 · answered by Judy 7 · 0⤊ 0⤋