Skip to main content
February 24, 2020
Question

Where do I deduct expenses from non-student fellowship income?

  • February 24, 2020
  • 1 reply
  • 0 views
No text available

1 reply

February 24, 2020

If you received a W-2, unreimbursed employee expenses are no longer deductible. Under the Tax Cuts and Jobs Act (TCJA) that Congress passed, the unreimbursed employee expenses deduction has been suspended in tax years 2018 through 2025.

 

The only way to deduct expenses from income is if this is considered self-employment income. If you received a 1099-MISC form or even if you didn't,  enter your business-related expenses on Schedule C instead.

 

 

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"