can i expense outsourced work

hello guys,

i am about to do my taxes and was wondering if i can expense the outsourced work. i had a guy who did some design work for me and was wondering if i can put it on my tax return.

thanks

 

i see no reason not to

 

In all honesty I do not see why not. It is a business expense.

 

thanks guys - i have never done it before and just wanted to check. i have the paypal invoice and i'll use that as a proof.

thanks again!

 

Yes you can deduct all your 'business' expenses from your income to figure your adjusted gross income. My advice is to get a file where you keep the printed receipts from paypal and make an excel file to keep up with these if you have a lot of online transactions or there are other software programs that will help you, but mainly make sure you print it out for your records in case of an audit. If you work from home you can use form 8829 to help reduce your tax liability, also. Good luck with your taxes!

 

As long as you have your receipts, yes.

 

thanks guys!

 

http://www.irs.ustreas.gov/businesses/small/article/0,,id=99921,00.html

 

Asking your accountant, not people on a forum.

 

Yes you can.

 

Absolutely! Just did mine (and a huge amount goes towards outsourcing).

Just make sure you 1099 if they are domestic.