@gkonopas wrote:
I receive a W-2 from one hospital I am employed at and got a 1099-MISC from a different hospital I work at on call periodically.
Expenses are deductible as work related expenses if they are “ordinary and necessary“ for the particular job. That would certainly include medical equipment like a stethoscope and it would include journal subscriptions and society memberships in your case. However, the itemized deduction for employee W-2 work expenses was eliminated by income tax reform in 2018. You can deduct your expenses on schedule C for your self-employment but if the expenses are shared, you must allocate them between your two jobs, usually on the basis of income, so you could only deduct on your schedule C a portion of your job related expenses as a physician.
If you work at both locations on the same day, you could fully deduct travel to the independent contractor job using standard mileage rate, if you keep track of your mileage. You can also fully deduct any expenses that are exclusively to the independent contractor job. This might include parking, and it could include any materials that you are required to furnish yourself that are only used at that job.
