jlpell88
New Member

If I'm 1099, can I choose to just take the standard deduction or do I have to itemize my business deductions?

I'm a loan officer and my new company has us as 1099, with my 1st year there being a covid year my deductions are likely less than the standard deduction. Am I able to just take the standard deduction? I've seen and read contradicting information on this.

Appreciate the help!