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Old 01-06-2017, 12:51 AM
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1099-K Question - Fees paid to 3rd party processor?

I am a contractor through Upwork.com and they will be issuing me a 1099-K this year. They will take anywhere from 5-20% of the gross amount billed to my clients as a fee. Are those fees tax deductible or an expense? This is my first year filing solely as a contractor and any insight would be greatly appreciated!



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