I am a physician. In 2017 I primarily worked as a 1099 (self employment) contractor and wrote off expenses. In late 2017 I took a W-2 position ( and still have it for 2018) and didn't earn any self employment income, but I still might do some self employment work as a physician in 2019.
Am I able to write off physician related expenses (licensing, continued education etc) for 2018 tax year?
Miscellaneous deductions subject to the 2% limit, including unreimbursed job expenses (reported on Form 2106) have been repealed for tax years 2018 – 2025. Since you are now a W-2 employee you will not be able to deduct any of your physician related expenses in 2018.
Self-employed (Schedule C) filers can still deduct these business-related expenses, as they have in the past. The repeal of unreimbursed work-related deductions only affects wage- and salary-earning employees who don’t own a business or work as a contractor.
If you do some self-employment work in 2019, you will be able to write off these expenses on your 2019 income tax return.
Miscellaneous deductions subject to the 2% limit, including unreimbursed job expenses (reported on Form 2106) have been repealed for tax years 2018 – 2025. Since you are now a W-2 employee you will not be able to deduct any of your physician related expenses in 2018.
Self-employed (Schedule C) filers can still deduct these business-related expenses, as they have in the past. The repeal of unreimbursed work-related deductions only affects wage- and salary-earning employees who don’t own a business or work as a contractor.
If you do some self-employment work in 2019, you will be able to write off these expenses on your 2019 income tax return.