Ask Experts Questions for FREE Help !
Ask

1099 Misc - deductions

Asked Apr 3, 2007, 09:33 AM — 9 Answers
I am a cosmetologist and received a 1099 misc from my employer. What can I claim as deductions?

9 Answers
Mobea's Avatar
Mobea Posts: 222, Reputation: 74
Full Member
 
#2

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.
Helpful
Mobea's Avatar
Mobea Posts: 222, Reputation: 74
Full Member
 
#3

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.
Helpful  (1)
AtlantaTaxExpert's Avatar
AtlantaTaxExpert Posts: 19,866, Reputation: 3723
Senior Tax Expert
 
#4

Apr 13, 2007, 02:26 PM


Excellent answer!
Helpful
mseik's Avatar
mseik Posts: 40, Reputation: 37
Junior Member
 
#5

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.
Helpful
AtlantaTaxExpert's Avatar
AtlantaTaxExpert Posts: 19,866, Reputation: 3723
Senior Tax Expert
 
#6

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.
Helpful
mseik's Avatar
mseik Posts: 40, Reputation: 37
Junior Member
 
#7

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!
Helpful
AtlantaTaxExpert's Avatar
AtlantaTaxExpert Posts: 19,866, Reputation: 3723
Senior Tax Expert
 
#8

Oct 5, 2007, 08:49 AM


Glad to help!
Helpful
kkellis's Avatar
kkellis Posts: 2, Reputation: 10
Junior Member
 
#9

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
Helpful
AtlantaTaxExpert's Avatar
AtlantaTaxExpert Posts: 19,866, Reputation: 3723
Senior Tax Expert
 
#10

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.
Helpful

Not your question? Ask your question View similar questions

 
Thread Tools Search this Thread
Search this Thread:

Advanced Search

Add your answer here.

Remove Text Formatting

Undo
Redo
 
Decrease Size
Increase Size
Bold
Italic
Underline
Align Left
Align Center
Align Right
Ordered List
Unordered List
Decrease Indent
Increase Indent
Insert Email Link
Wrap [QUOTE] tags around selected text
Wrap [CODE] tags around selected text
Wrap [HTML] tags around selected text
Wrap [PHP] tags around selected text
Wrap [YOUTUBE] tags around selected text
Notification Type:



Check out some similar questions!

1099-misc [ 3 Answers ]

Last year I was a full time student and also during that time I worked as a T.A and consequently have the W-2 with that income and also as an independent contractor (i have the 1099 MISC which corresponds to that income). As I understand it even though my total gross income is below the minimum...

1099-misc [ 6 Answers ]

Does an individual, not a trade or business, need to file a 1099-misc to another individual ? I can provide specifics if neccessary.

1099-MISC deductions [ 1 Answers ]

I received a 1099-MISC with income earned in Box 7. Aparently this kind of income is not taxed at source at all, so there is a lot of tax on it. Can I claim any kind of deductions on this and how? If anyone has the answer asap, that would be great. Thanks.

1099-Misc [ 4 Answers ]

I work for a real estate investment company and they had me do some odd jobs in the evenings. I posted signs and mailed flyers for them. I also received two commission checks for referring investors and a performance bonus for having a house sell at an open house. My question is why I received a...

F1, w-2 and 1099-Misc [ 4 Answers ]

Hello Everyone, I did go across lot of threads and it helped me. But I hope I can get answers to my queries. I was on F1- status throughout last year. However I was paid on 1099-misc and w-2 by two employers. My Questions 1) Do I need to attach 1099-misc or is the employer tax id enough? ...


View more Taxes questions Search