@Tom2531 wrote:
If I don't get reimbursed for the $10,000 and simply deduct them as business expenses against the $50,000 1099-NEC, isn't my net profit $10,000 less?
Yes, your net profit is $10,000 less because you paid $10,000 for travel that you did not get reimbursed for. You actually have $10,000 less in your pocket at the end of the year. You don't "end up with the same tax liability." You end up with less tax liability because you actually made $10,000 less income. There is no benefit to not getting reimbursed for expenses that you paid.
