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We have both w2 income and 1099 self employed. Can we take the standard deduction on the w2 and also the mileage deduction from the 1099?
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We have both w2 income and 1099 self employed. Can we take the standard deduction on the w2 and also the mileage deduction from the 1099?
Yes. The personal Standard Deduction or Itemized Deductions are completely separate from business expenses on schedule C. You can do both.
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