The business that paid me included $9,495 of reimbursements in my total income (Box 7 on my 1099-MISC). Obviously, I bought these things for the business, provided receipts, and they paid me back.
I have a full record of everything the business reimbursed me. How, if possible, do I show that $9,495 of my income wasn't actually income, then take the standard deduction on top of that?
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Yes, you can deduct your business expenses on Schedule C and still take the standard deduction. The total income in Box 7 will be reported as self-employment income and you can deduct the related expenses for your business. The difference between your income and expense is your net self-employment income. Your standard deduction (or itemized deductions) is subtracted after determining your business income on Schedule C.
To enter your business expenses:
Yes, you can deduct your business expenses on Schedule C and still take the standard deduction. The total income in Box 7 will be reported as self-employment income and you can deduct the related expenses for your business. The difference between your income and expense is your net self-employment income. Your standard deduction (or itemized deductions) is subtracted after determining your business income on Schedule C.
To enter your business expenses:
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