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Self employed
It depends.
If you anticipate having self-employed income in the future and receiving 1099-MISC income as a contractor, you should leave your Schedule C activity in the return.
But if you are going to be permanently working as an employee receiving a W-2 Form, you technically are not operating a business anymore and would not need to report any self-employment income.
Be aware that while you can still deduct the business use of the home office on your self-employment income, this is no longer allowed as an unreimbursed employee expense tax deduction on your tax return.
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‎June 26, 2020
2:46 PM
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