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

Related Resources

Direct Sellers and Taxes – How Does it Work?

Many are surprised to learn that even side gigs come with a tax price. H&R Block Tax pro's have arranged expert tips for those who owe direct sales taxes.

Bitcoin, Taxes, and the Modern Entrepreneur | H&R Block

Many entrepreneurs find themselves wondering exactly how Bitcoin is taxed. Our H&R Block Tax Pros are prepared to assist self-employed filers with Bitcoin taxation.

Tax Implications of Starting a New Business

The startup tax or new business tax is a topic many new business owners shy away from. Don't get caught off-guard. Review these tips provided by our tax pros.

Taxes in the Gig Economy

The gig economy and taxes go hand-in-hand. If gig work is your primary form of income, review these important tax tips from our H&R Block tax professionals.