Hi, I'm an independent contractor and the company I work with pays me and then charges a scheduling fee after the fact. For instance: $50 for an event and subtracts $2 for the scheduling fee. Is the fee considered income?
You'll need to sign in or create an account to connect with an expert.
Depends. If it is included in the income like on the 1099NEC then you can expense the fee. If you only report the net income amount you don't deduct the fee.
Hi Tawnie,
The deducted amounts are costs of carrying on your business and can be deducted on Schedule C.
Business expenses are the cost of carrying on a trade or business. These expenses are usually deductible if the business operates to make a profit. To be deductible, a business expense must be both ordinary and necessary. An ordinary expense is one that is common and accepted in your trade or business. A necessary expense is one that is helpful and appropriate for your trade or business
https://www.irs.gov/businesses/small-businesses-self-employed/deducting-business-expenses
Regardless of which expenses you discover that you may write off, the most important thing is to keep accurate records throughout the year. Save receipts, including e-mail receipts, and file or log them so you have easy access to them at tax time. Not only does keeping receipts, mileage logs, and other expense records make filing taxes easier, but it also facilitates a system that allows you to track changes from year to year. https://turbotax.intuit.com/tax-tips/self-employment-taxes/top-tax-write-offs-for-the-self-employed/...
Hope this helps,
Ron G
Thank you!!
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
griffin35
New Member
ElleG2
New Member
ElleG2
New Member
Arch Stanton
Level 3
psmed31
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.