No, it's not correct. If you adequately accounted for your expenses to the payer, a 1099-MISC isn't necessary. Of course, since that was reported to the IRS, you will have to report the income and deduct the expenses. You wouldn't deduct the reimbursed expenses that were not reported as income. See the answers below to similar questions.
https://ttlc.intuit.com/replies/5706707
https://ttlc.intuit.com/replies/3956096
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