I was doing sales & business development under an agency agreement with a company for 3 days/week, for about 3 months. As well as invoicing them a daily rate. I separately submitted expense reports for mileage at the $0.54/mile rate to and from meetings, software costs, nominal monthly rate of $50 for phone use etc. and received payment for this. I went on to be employed directly full-time and submitted for expenses in exactly the same manner.
- Should the expense reimbursements for the 3 months appear on the 1099 they send me in the same way as payments I received for work?
- Can I claim tax deductions on this these expenses or is that somehow "double claiming" because I have been paid for them as expenses?
- If I can claim deductions, total expenses as a contractor came to $851 for the year. Do I need TT Self-Employed and is it worth it for such small amount? (currently use TT Premier.)
- Do I have to declare expense reimbursements received once a full-time direct employee?
thanks.
