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If I receive a W2 and am self-employed (1099-misc) how can I deduct home office and other expenses?
I work for an employer, work from my home office in Florida, and receive a W2. I also run my own side business from the same home office.
According to the tax reform: https://ttlc.intuit.com/community/tax-reform/help/which-federal-tax-deductions-have-been-suspended-b...
It says:
"The repeal of unreimbursed work-related deductions only affects wage- and salary-earning employees who don't own a business or work as a contractor."
In this case I am a wage and salary earning employee who does own his own business/work as a contractor. Am I allowed to deduct my home office and other expenses (mortgage interest, internet, etc.) from my yearly income?
‎October 5, 2021
1:54 AM