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Get your taxes done using TurboTax
It sounds like you will be paid with a 1099-NEC when you start earning income. This will need to be reported on a Schedule C as a Sole-Proprietor, but not until you have earned some money. The $500 "Start-Up Costs" can be deducted (as long as they remain less than $5,000) in full the first year you earn income.
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March 8, 2022
4:33 PM