I-Am-Me
New Member

I'm working under a 1099 and my expenses are more than my total income. What would my expected return be?

In 6 months I estimate I made about $50,000. I am a sub-contractor in the telecommunications field and I am just starting out so I had to buy all the necessary equipment and tools. Now all that added up is more than what I made, Its about $56,000 what would my tax refund be?