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    namy626's Avatar
    namy626 Posts: 1, Reputation: 1
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    #1

    Apr 13, 2007, 08:00 PM
    Do I expense as an independent contractor or employee?
    I am a dentist and had two jobs last year where I worked a couple days at one office and a couple of days at the other. I was an independent contractor at one and I was an employee at the other. So, how do I go about deducting my expenses? Can I do them as a contractor or employee? Where would I expense 1) continuing education classes, 2) Convention trips, 3) Malpractice Insurance.. just to name a few
    Mobea's Avatar
    Mobea Posts: 220, Reputation: 15
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    #2

    Apr 13, 2007, 08:15 PM
    The expenses that you incurred while you were an independent contractor would be listed on Schedule C (Self Employed Income) and the unreimbursed employee expenses that you incurred while you were an employee would be listed on F2106 which is listed on your Schedule A (Itemized Deductions) It is the time factor while you were doing each job that determines what expenses are fully deductable on Schedule C and which are limited to 2% of your adjusted gross income on F2106 on Schedule A
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Apr 20, 2007, 10:00 AM
    Mobea is correct. The common deductions MUST be pro-rated between the employee and the contractor work.
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