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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!
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‎April 6, 2021
12:58 AM