DawnC
Expert Alumni

Self employed

Because they did not include the reimbursement on your W-2.    If you have an employer who issues you a W-2, they should have put all of your income on the W-2.    Form 1099-NEC is generally self-employment income that gets reported a Schedule C.    

 

If all of your income in on Form 1099-NEC, report all of your income on on Schedule C and deduct and business expenses from that income.   You will pay self-employment tax on the NET income, after expenses.    If those supplies were used while producing your self-employment income, those are deductible expenses.

 

How is being self-employed different from being an employee?

 

If you're self-employed, you get to claim expenses related to your work. Common expenses for the self-employed include:

  • Car and truck expenses
  • Gas
  • Office supplies
  • Mobile devices
  • Web hosting
  • Marketing
  • Travel
  • Supplies
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