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Can a resident who is moonlighting in a 1099 position deduct fellowship interview costs (flight, suit, hotel, etc) as a business expense from the 1099 income?
my accountant would say yes to the flight, hotel, rental car...but not the suit.Can a resident who is moonlighting in a 1099 position deduct fellowship interview costs (flight, suit, hotel, etc) as a business expense from the 1099 income?
Travel, secondary housing, etc is ok for interviews. Food can be, but it's iffy. If you're feeding someone else then it's entertaining expenses. If you're just eating, then no. Everybody eats, regardless of whether they're interviewing or not.
Perhaps. Eating at the hospital is more expensive than eating at home too, but you can't deduct that.But eating while traveling is much more expensive than eating while at home.
Unfortunately the tax laws are so complicated that what is/is not deductible is realistically only determined when you are audited.