@Opus 17 Yes thank you for the answer, but that is why I didn't want to mention my side 1099 work... because that is taking away from the question I can't seem to get answered. Lets pretend I had no other side work, and the scenario was $5,000 incurred in expenses and $1,000 income. Do i report only $1,000 in expenses, and not report the other $4k until the next year?
