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February 11, 2025
Question

1099 NEC and expenses

  • February 11, 2025
  • 1 reply
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I am 19 years old and I get a 1099 NEC.  I am a full time student and my parents claim me as a dependent.  Can I deduct eligible expenses on my tax return that my parents pay for?

1 reply

February 11, 2025

If someone else pays your business expenses directly and you are not obligated to repay them, you cannot deduct those expenses as your own business expenses. This is because you did not incur the expense yourself.

 

See Tax Audit Article