RachelW33
Expert Alumni

Get your taxes done using TurboTax

You can only deduct expenses incurred for earning the income reported on the Form 1099-NEC as self-employment income.  You will report this income and any related expenses on Schedule C.  After entering the Form 1099-NEC, TurboTax will walk you through entering any expenses you incurred to earn that money.

 

Any expenses related to earning the income reported on the W-2 are not deductible for federal purposes.  However, there are a few states that allow a deduction for these expenses on the state tax return.  See this TurboTax Help article for more details:  Can employees deduct any job-related expenses?

 

For more information regarding self-employment income, check out these TurboTax Help Articles: 

 

What is a Form 1099-NEC?

 

Where do I enter Schedule C?

 

What self-employed expenses can I deduct?

 

 

 

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