Question
I have a question about expenses for self employed individuals. If I report Form 1099 self-employment income, how do I report my expenses?
Answer
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
Related Resources
A Guide to Small Business Taxes
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