Solved: There is some costs (like phone bill, web hosting cost) for having 1099-MISC income. Where I can put this deductions. Please let me know. Thanks.
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

There is some costs (like phone bill, web hosting cost) for having 1099-MISC income. Where I can put this deductions. Please let me know. Thanks.

 
1 Best answer

Accepted Solutions
Level 15

There is some costs (like phone bill, web hosting cost) for having 1099-MISC income. Where I can put this deductions. Please let me know. Thanks.

You'll report your 1099-MISC income on a SCH C. As far as the IRS is concerned, income reported on a 1099-MISC in box 3 or 7 is self-employment income that was earned by you while in business for yourself. So that's dealt with under the Business tab in the Business Income & Expenses (SCH C) section. just work through the business section and you'll be asked for all that stuff.

View solution in original post

1 Reply
Level 15

There is some costs (like phone bill, web hosting cost) for having 1099-MISC income. Where I can put this deductions. Please let me know. Thanks.

You'll report your 1099-MISC income on a SCH C. As far as the IRS is concerned, income reported on a 1099-MISC in box 3 or 7 is self-employment income that was earned by you while in business for yourself. So that's dealt with under the Business tab in the Business Income & Expenses (SCH C) section. just work through the business section and you'll be asked for all that stuff.

View solution in original post

Dynamic Ads
v
Privacy Settings