Traveling nurse

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big bang
Posts: 102
Joined: Mon Jul 25, 2016 8:33 pm

Traveling nurse

Post by big bang »

A family friend received a three month assignment during this corona virus period. The assigned location is more than 100 miles from her home base.
Do any of you know if she is supposed to receive a 1099 at the end of the year?
At tax time, what type of expenses she can deduct against this income (assuming it's a 1099)?
Thank you for your input.
(1) save a lot, (2) select an asset allocation containing both stock and bond asset classes, (3) buy low cost, widely diversified funds, (4) allocate funds tax-efficiently, and (5) stay the course.
sailaway
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Joined: Fri May 12, 2017 1:11 pm

Re: Traveling nurse

Post by sailaway »

It depends on her contract. Many are W2 employees.
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big bang
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Joined: Mon Jul 25, 2016 8:33 pm

Re: Traveling nurse

Post by big bang »

Thank you!
Is there anything else that she needs to be aware regarding taxes?
(1) save a lot, (2) select an asset allocation containing both stock and bond asset classes, (3) buy low cost, widely diversified funds, (4) allocate funds tax-efficiently, and (5) stay the course.
sailaway
Posts: 2359
Joined: Fri May 12, 2017 1:11 pm

Re: Traveling nurse

Post by sailaway »

big bang wrote: Mon Apr 27, 2020 2:08 pm Thank you!
Is there anything else that she needs to be aware regarding taxes?
Local taxes.
RudyS
Posts: 1999
Joined: Tue Oct 27, 2015 10:11 am

Re: Traveling nurse

Post by RudyS »

My go-to source for any tax questions is IRS Publication 17, available on-line from irs.gov. It will reference some other publications similarly available. That will give a pretty good understanding of the issues for out-of-town work, etc.
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