What can be used for deduction under 1099?
As an independant contractor you will file IRS Schedule C to report any earnings over $400. You may list as deductions any qualified expenses as shown on Scedule C like: the computer you use to do the billing the internet service you pay for to receive or upload the billing a fax line (if used for business) itemized long distance calls made for business business postage and shipping costs computer paper & office supplies any repairs or service done to your computer or office equipment any office furniture you had to buy (will be depreciated- see IRS form 4562 for listed property) check out the IRS website for all the scoop. And KEEP your receipts!
