BrittanyS
Expert Alumni

Get your taxes done using TurboTax

Yes, since the company issued you a 1099-NEC, you can write off expenses related to the income received.  However, you will need to make sure to mark the income earned for a former employee during the self-employment interview section.  Non-employee income earned that is for an employee is not entitled to the Qualified Business Income Deductions.  

 

See the information below provided by the IRS on income earned as self-employment income from an employer.

 

  (3) Presumption that former employees are still employees--(i) Presumption. Solely for purposes of section 199A(d)(1)(B) and paragraph (d)(1) of this section, an individual that was properly treated as an employee for Federal employment tax purposes by the person to which he or she provided services and who is subsequently treated as other than an employee by such person with regard to the provision of substantially the same services directly or indirectly to the person (or a related person), is presumed to be in the trade or business of performing services as an employee with regard to such services. This presumption may be rebutted upon a showing by the individual that, under Federal tax law, regulations, and principles (including common-law employee classification rules), the individual is performing services in a capacity other than as an employee. This presumption applies regardless of whether the individual provides services directly or indirectly through an entity or entities

 

@phillyfan11 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"