What tax deductions can I claim as a 1099 contract worker?

what deductions can i take on my taxes

Relevant facts: -I've been offered a position on either a W2 ($36/hour) or a 1099 ($42/hour) basis. -The job is in Washington State. I live in Oregon -During the course of this job, I will be forced to take up temporary residence in Washington while maintaining my Oregon household due to family. -If I. show more Relevant facts:

-I've been offered a position on either a W2 ($36/hour) or a 1099 ($42/hour) basis.

-The job is in Washington State. I live in Oregon

-During the course of this job, I will be forced to take up temporary residence in Washington while maintaining my Oregon household due to family.

-If I take the position as a 1099, I will be taking it as a "sole proprietor" and not as any other type of business that will have a Taxpayer ID Number

-Job starts next month.

If I take the position as a 1099 contractor, I'm wondering if I will be

able to deduct:

-The cost of housing to live in Seattle for the duration of this contract

-Eating expenses associated with my time in Washington

-Expenses pertaining to travel both to and from work as well as expenses relating to going home to Oregon on the weekends

-The expense of purchasing a laptop computer to take with me to Washington

Furthermore, are there any other "general" expenses that I would be able to write off under this scenario? Things such as cell phone usage not related to the job itself (no landline at temporary housing), entertainment, etc.

Bonus points to anything else I might be overlooking. I was originally just planning on taking the W2 up until someone told me that 1099 would be better given the situatoin.

Update: Saw some responses as it pertained to length of contract. It's only scheduled to run through the end of the year, so well under 1 year in length.

Source: answers.yahoo.com

Category: Taxes

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