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ace01
Returning Member

w-2 coaching and services

How do I account for services provided as a coach.  I was paid as a coach for track and football but was paid on a W-2 but my average services is $50 hr but I basically gave discounted services for 900 hours of labor but received on 4500 on a w-2.  How do I receive a credit in my schedule c for that or can I take that at all?

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2 Replies

w-2 coaching and services

If you received a W-2, your employer considers you as an employee. The Tax Cut and Job Act of 2017 suspended unreimbursed employee business expense until 2026.

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ace01
Returning Member

w-2 coaching and services

That's so sad! Thank you for the information though 

 

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