I have a question about expenses for self employed individuals. If I report Form 1099 self-employment income, how do I report my expenses?
Regarding expenses for self employed individuals, if you’re a sole proprietor, claim these on your Schedule C:
- Your allowable business expenses
- 1099-MISC income related to your business
For other expenses for self employed individuals, you might be required to file additional forms. Ex: Form 4562 for depreciation
Not sure what you'll need to know about how to start a business? Get business startup tips and learn about business tax requirements with H&R Block.
Taxes for the self employed can be complicated. Learn the ins and outs of tax filing for freelancers, bloggers and contractors with the experts at H&R Block.
How does the payroll tax deferral affect you? Find out from the tax experts at H&R Block what this means to your business and your employees.
Learn more about self-employed tax filing with advice from the tax experts at H&R Block.