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Level 1
August 20, 2025
Solved

E-commerce entrepreneur with 1099

I am just starting and ecommerce  and know I will be getting a 1099 at year end, I believe it will be the nec.  I want to know if when I file woukd the home and business be sufficient or will I need to use a different version. Also I did pay start-up and marketing cost, just to confirm, I can still deduct a % and then amortized the rest?

    Bsch4477Answer
    Level 15
    August 20, 2025

    Expert Reviewed

    Home and Business is fine. You can deduct up to $5,000 in start up costs with any amount over that amortized over 15 years. 

    1 reply

    Bsch4477Level 15Answer
    Level 15
    August 20, 2025

    Expert Reviewed

    Home and Business is fine. You can deduct up to $5,000 in start up costs with any amount over that amortized over 15 years.