1099 Misc - deductions

Mobea · Apr 3, 2007, 11:36 AM

Quote:

Originally Posted by MVJacobson

I am a cosmetologist and received a 1099 misc from my employer. What can I claim as deductions?

Go to the IRS website and print out a blank Schedule C for reporting income for self-employed. It will give you a list of items to deduct. Be sure to include:
1. Rent - if you have to pay for your booth. That is deductible.
2. Mileage for your auto that you use to get to your shop and back, or to go get supplies, etc. And interest that you pay on a car loan. Be sure to keep a mileage log of every time you use your vehicle for work related activities.
3. Cell phone, if you use it for your business or a percentage of.(Other Expenses)
4. Any suppplies that you purchased to use in your business.
5. Any license fees
6. Any continuing education courses that you may take.(Other Expenses)
7. Seminars that you may have attended. (Travel and Other Expenses)
8. Bank fees (Other Expenses)
9. Cost of business cards, or advertising.
These are just some of the expenses that a lot of times, people overlook when they are figuring their deductions.
Hope this helps to get you started.

Mobea · Apr 5, 2007, 06:30 AM

I stand corrected. Mileage back and forth to your shop is not deductible. Only if you go to different places to work. Or work out of your home. But any other time you use your business for work other than commuting is deductible. I needed to clarify that.

AtlantaTaxExpert · Apr 13, 2007, 02:26 PM

Excellent answer!

mseik · Oct 4, 2007, 01:31 PM

Quote:

Originally Posted by Mobea

I stand corrected. Mileage back and forth to your shop is not deductible. Only if you go to different places to work. Or work out of your home. But any other time you use your business for work other than commuting is deductible. I needed to clarify that.

Hi,

Last year when I filed my taxes, the CPA said I could not claim mileage from my home office to various sites, only between sites. Do I understand correctly that I can indeed claim mileage from home office to other work sites?

Thank you.

AtlantaTaxExpert · Oct 5, 2007, 07:21 AM

If your home office is NOT your main place of work, then you cannot claim the mileage.

If your home office IS your main place to work, then you CAN claim the mileage.

mseik · Oct 5, 2007, 08:36 AM

Quote:

Originally Posted by AtlantaTaxExpert

If your home office is NOT your main place of work, then you cannot claim the mileage.

If your home office IS your main place to work, then you CAN claim the mileage.

Thank you thank you thank you!

AtlantaTaxExpert · Oct 5, 2007, 08:49 AM

Glad to help!

kkellis · Apr 6, 2011, 03:36 PM

Hey, I'm a realtor and I receive a 1099 misc and am considered a sub contractor for my broker, keller williams.

Can I write off one vacation per year if I use it as a time to do my business planning for the year and record my plans in a journal/log? I've heard that people who are incorporated can do this, and although I am not incorporated, I run my business very similarly.

Thanks!
Kris Realtor

AtlantaTaxExpert · Apr 6, 2011, 06:04 PM

That's a stretch for a deduction. Any IRS auditor would argue that the business planning can just easily be done at home or in your office; there is NO need to go on a vacation.

1099 Misc - deductions

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