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charman10
New Member

Regulations require my company W2 me, but I am a 100% commission, self employed loan officer. How can I write off my expenses e.g. mileage and meals and get a deductions?

 
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Coleen3
Intuit Alumni

Regulations require my company W2 me, but I am a 100% commission, self employed loan officer. How can I write off my expenses e.g. mileage and meals and get a deductions?

If you don't have any income from the company apart from your W-2 income, you are not self-employed, even if circumstances appear that way. If you get a W-2, you are an employee and unfortunately, employee business expenses are eliminated under 2018 Tax Cuts and Jobs Act (TCJA).

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Coleen3
Intuit Alumni

Regulations require my company W2 me, but I am a 100% commission, self employed loan officer. How can I write off my expenses e.g. mileage and meals and get a deductions?

If you don't have any income from the company apart from your W-2 income, you are not self-employed, even if circumstances appear that way. If you get a W-2, you are an employee and unfortunately, employee business expenses are eliminated under 2018 Tax Cuts and Jobs Act (TCJA).

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