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Education
You are correct in your thinking on how to report the Form 1099-NEC and the travel expenses. They should all be reported on Schedule C. If the expenses exceed the revenue reported, your daughter will show a loss. If the revenue (amount reported on Form 1099-NEC) is more than the expenses, that "profit" will be subject to income and self-employment tax.
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March 4, 2024
11:38 AM