The company I contract to pays me a fixed Daily Fee. Reimburses me for Direct Expenses, and pays me a Daily Per Diem, meals and incidentals,. What is tax deductable ?

johnredwrds — Thu, 06 Jun 2019 14:17:10 GMT

My 1099-MISC Nonemployee Compensation amount is a total of Daily Fee, Reimbursed Expenses and Daily Per Diem

Since your reimbursed expenses are included on1099-misc b...

AmandaR1 — Thu, 06 Jun 2019 14:17:14 GMT

Since your reimbursed expenses are included on1099-misc box 7 (in your pay), you should deduct all of your expenses as Business expenses. For the direct expenses, enter them under whichever business expense category applies.

For per diem amounts, you can enter your actual expenses or the allowed per diem amounts under Meals and entertainment (50% limit) and/or Business Travel.

The tax deductible per diem rates are based on the location where you are traveling. You'll find the per diem rates for Lodging and Meals & entertainment by location with the search tool HERE.

topic The company I contract to pays me a fixed Daily Fee. Reimburses me for Direct Expenses, and pays me a Daily Per Diem, meals and incidentals,. What is tax deductable ? in Get your taxes done using TurboTax

The company I contract to pays me a fixed Daily Fee. Reimburses me for Direct Expenses, and pays me a Daily Per Diem, meals and incidentals,. What is tax deductable ?

Since your reimbursed expenses are included on1099-misc b...