topic I'm a wine/spirits ambassador - my 1099's are gross (includes wines paid my me etc) used in my demo. Where do I deduct these expenses in TT? in Retirement tax questions

I'm a wine/spirits ambassador - my 1099's are gross (includes wines paid my me etc) used in my demo. Where do I deduct these expenses in TT?

lfasbinder — Sat, 01 Jun 2019 21:02:24 GMT

I am an independent demonstrator (contractor) non-employee.

My 1099 reflects gross which includes an hourly wage plus demo products that I paid for but is reimbursed and included in the gross. Can I deduct the expense so as not to be calculated in total taxed earnings?

Where do I deduct these expenses for the product in TT? These products are not machinery or computers...Please help

Yes, you can deduct the purchases as an expense on your r...

JulieCo — Thu, 06 Jun 2019 06:38:35 GMT

Yes, you can deduct the purchases as an expense on your return. Because you have the 1099 MISC income, a Schedule C form will be created with your return and the business expenses get deducted on there as well. See the steps below to be brought to Schedule C expense entry. You can enter them as supplies under the Other Common Business Expenses section. See the sample screenshot attached.

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