The easiest way to treat this is treating the reimbursement as allowances. Being that you received a 1099 Misc income, it make sense to report the 1099 as income and then the reimbursement as allowances to arrive at any net income. This way, it helps make your tax return more clean when you report the 1099 Misc as a separate item.
Thank you. I will look into where to include expenses as allowances.
In the self-employment section just allocate the expenses you paid to the appropriate categories under expenses.
Still couldn't understand what do I do with all these fees I got reimbursed for. I do not post them as income, but instead list them as some sort of allowance? what is this and where do I do this? Or they are just part of income that I list as expense? Than what category they fall into? Taxes and licenses? or Legal and Professional Fees?
If the fees were included in your income, then you can deduct them. The correct category would be "Taxes and Licenses."
This is very helpfull thank you. Do you know which is the best way to expense subscriptions to software such as AutoCAD, client scheduling apps or Construction calculators. Either paid monthly or annually. I am not talking about purchasing the license but subscribing to it, is this leasing?
@BLC Renos you already posted at https://ttlc.intuit.com/community/tax-credits-deductions/discussion/claiming-monthly-or-annual-software-subscriptions/00/2803453 and from the looks of that post, it would appear you are posting in the TurboTax U.S. support forum, when you need to be asking your questions in the TurboTax Canada support forum.
Please, only post once in a forum. Otherwise, it leads to confusion that can result in conflicting responses.