To clarify - I understand how to file self-employment income and expenses. This is the first time I've had a 1099 NEC (usually I work on 199MISC).
Unlike the 1099 MISC, the 1099 NEC income is earned income that I can factor into my retirement contribution. I've got that logged into my form in progress. I'm noticing that my tax return grows and decreases with the addition of expenses against that NEC. I'm trying to figure out if I am better off adding as many expenses as I have (which unfortunately reduces my earned income and the amount I can contribute to retirement).
Trying to figure out which strategy is best for $2000 of NEC income and no W-2s.
