Ask Experts Questions for FREE Help !
Ask
    Palm2004's Avatar
    Palm2004 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 12, 2012, 07:42 PM
    Deductible expenses for non-profit internship
    My son interned for 4 months for a DC non-profit. He paid his air-fare, transportation, and meals. He also had weekly dry-cleaning costs.

    They provided housing and a $200/week stipend for 40 hours of work. They issued him a 1099 in Box 7 of non-employee compensation.

    What can he deduct for this internship?

    Many thanks for your help.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Apr 12, 2012, 08:03 PM
    Did he have a job the year PRIOR to the internship on which he filed a yax return?

    If yes, he has established a "tax home" and he cam claim the internship as a temporary job and claim the airfare AND the daily living costs.

    If no, then the airfare is all he can deduct on the Schedule C, and they may be questioned by the IRS.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Are expenses of power of attorney tax deductible? [ 1 Answers ]

I have general power of attorney and medical power of attorney for my sister who has Alzheimer's and is confined to a skilled care nursing home in another state. It is necessary for me to make periodic trips to consult with her medical providers. Are my travel expenses tax deductible? I do not...

Are Power of Attorney expenses deductible? [ 1 Answers ]

I incurred $4,000 of expenses taking care of my mother's property while she was in a nursing home. I would like to claim them as an itimized deduction.

Internship - Form 1099-MISC how to report expenses? [ 1 Answers ]

For a University Internship my daughter received $6100 in advance to cover all expenses, and her minimum pay. It was reported on a 1099-MISC as #3- Other Income. Can this be treated as 'contract labor', or such, and can the air fare, car rental, and living expenses, et al, to Canada be deducted as...

Green Card Expenses Deductible? [ 3 Answers ]

Are expenses that are made towards obtaining a Green Card deductible for tax purposes?

View more questions Search