How do you deduct the stipends and travel expenses for a travel Nurse with a W-2? 1099 I know you can use a schedule C but how are these deductions handled when the client has a w-2?
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You don’t - employee business expenses are not deductible through 2025 as per section 67(g). -
Nothing new or exciting... been this way since TY 2018.Originally posted by New York Enrolled Agent View Post
ChrisComment
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Oh, and a "stipend" is ordinary Income, not a deduction. A nurse DOES report all worldwide Income.Comment
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Years ago I had a new client come in and wanted me to file a schedule C to cover W2 expenses just like an insurance salesman has the capability of filing when he gets a W2. I told him no, but he said his prior accountant did. So I told him to go back to him. He said " He charges too much". I sent him on his way.Last edited by BOB W; 02-21-2024, 07:33 PM.This post is for discussion purposes only and should be verified with other sources before actual use.
Many times I post additional info on the post, Click on "message board" for updated content.Comment
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