How do I deduct expenses related to 1099-misc? I was paid to organize a special event, but I used that payment to pay for other contractors like the band, and lighting.
As a side job not related to my main source of income as an employee of a corporation, I managed a special event. The client cut me a check to cover my management fee and additional expenses like paying for the band, sound and lighting.
The 1099-misc I received is for the full amount. How do I deduct for the additional expenses related to that payment I received?