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1099 writeoff for reimbursed purchase
I am a 1099 contractor. I purchase materials for my client to giveaway at their events. They reimburse me for the purchase, and include that amount on my form 1099. How can I write off 100% of the cost to purchase the materials so I don't pay taxes on the reimbursement as if it was income?
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March 22, 2022
1:34 PM