DMarkM1
Expert Alumni

Other financial discussions

Yes, if you did not enter/report the income as self-employment income then there is no place to enter off-setting expenses. If, however, you enter the form as self-employed income (don't select one-time/sporadic) and treat it as a business then you can enter the expenses to offset it.  

 

Selecting one-time/sporadic directs the income to be treated like "Hobby" income and you cannot deduct expenses at the federal level. 

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