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posted Mar 3, 2023 7:52:58 AM

Survey income and deductions

I have some survey income to report from different surveys company and received 1099-NEC.  Can I deduct my internet bill or new computer I got to work on this surveys websites?  

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Expert Alumni
Mar 3, 2023 8:13:45 AM

Yes, if your report your survey income on a Schedule C as self-employment.  You can only deduct those expenses that you use in your business.  E.g., If you use the internet exclusively for your survey business, then you can deduct 100% of the bill; however, if you use the internet 50% of the time for personal use, then you can only deduct 50% of the bill.  Be sure to keep all of your receipts incase the IRS ever questions any of your deductions.