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February 5, 2022
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Business Expence?- paying teaching assistants

  • February 5, 2022
  • 2 replies
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Go ahead.  Laugh.  I laugh too.  I'm Professor Dull at Belmont University in Nashville, TN.  You can call me Terry.

I'm full time at Belmont, but at the rank of lecturer, my contract is semester to semester.  I have some benefits.

I teach a lab class in beginning video editing and I need a teach assistant for each class to keep the class from stopping to pick up students that are behind.  Last year, Belmont would not pay for TAs, so I paid them myself.

I bought TurboTax Home and Business to issue them 1099s. 

But now comes the question, where does that go in TurboTax.  Do I create a business with no income (since my income from Belmont is W-2 income) and the 1099 as expences, or is there some other place this should show up?

Thanks for the help!

t

Best answer by ColeenD3

No. You can't just create a business to write off your employee expenses. You did not have a business, you did not have any business income.

 

You have an employee business expense. Unfortunately, this deduction is now repealed.

2 replies

ColeenD3
ColeenD3Answer
February 5, 2022

No. You can't just create a business to write off your employee expenses. You did not have a business, you did not have any business income.

 

You have an employee business expense. Unfortunately, this deduction is now repealed.

ProfDullAuthor
February 5, 2022

So the IRS isn't looking at my return for any result from creating the 1099s?

Employee
February 5, 2022

The IRS will see that the assistant has income and look for that income to be taxed. 

Employee
February 5, 2022

I can’t see how that expense is deductible since you are an employee.