As a side job not related to my main source of income as an employee of a corporation, I managed a special event. The client cut me a check to cover my management fee and additional expenses like paying for the band, sound and lighting.
The 1099-misc I received is for the full amount. How do I deduct for the additional expenses related to that payment I received?
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To enter expenses related to your 1099-Misc once logged into your return click the following
This will all be reported on Schedule C as a sole proprietorship since you were paid as an independent contractor.
To enter expenses related to your 1099-Misc once logged into your return click the following
This will all be reported on Schedule C as a sole proprietorship since you were paid as an independent contractor.
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