Can I deduct travel expenses when I travel for a side job?
I have a local full time job (W-2 employee) that accounts for about 90% of my income. I also have a side job (1099) that I occasionally have to travel for. Can I deduct gas and hotel expenses on my tax return for the side job?
Asked By: Curtis - 3/15/2010
Best Answer - Chosen by Asker
Of course you can deduct travel expenses from self employment, which i am only assuming is what the 1099 is for. Non employee compensation in box 7? However, you will probably want to use mileage (55cents/mile) for the vehicle expense (the calculations for this are on page 2 of the schedule C) instead of actual car... More
Answered By: cakeypoo_24 - 3/15/2010
Additional Answers (3)
If you have to travel outside "the entire city or metro area" where your main job is, yes, you can deduct travel expenses. There's a good chance you'd be better off taking the standard mileage rate of 50 cents per mile for business than writing off actual expenses... More
Answered By: mrreliable3599 - 3/15/2010
You can, but you need to file a separate Schedule C... More
Answered By: Doug - 3/15/2010
whatever is related to that business, of course
Answered By: tro - 3/15/2010
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