how do I write off expenses that I used for two businesses?
I have two businesses (both construction) one with income reported on a 1099 and the other reported on a K-1. I have unreimbursed business expenses. Can I write off my home office, phone, insurance, truck mileage on my schedule c instead of itemizing, which would put that businesses income in the negative by about 2000)? If i dont apply the expenses to the schedual c my itemized deductions aren't more then standard deduction. If this makes any difference the 1099 income is $4870 and the k1 is $33550.