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March 22, 2022
Question

1099 writeoff for reimbursed purchase

  • March 22, 2022
  • 1 reply
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I am a 1099 contractor. I purchase materials for my client to giveaway at their events.  They reimburse me for the purchase, and include that amount on my form 1099. How can I write off 100% of the cost to purchase the materials so I don't pay taxes on the reimbursement as if it was income?

1 reply

March 22, 2022

You can deduct this amount as Supplies on your Schedule C.

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