I doubt you can answer this...

[Account Closed]

I have two tax questions:

1. Last year I earned income from 1099's as well as business income. Is it more advantageous for me tax-wise to apply my deductions to the 1099 or the business income?

2. Last year, I made several payments towards the purchase of a property that we're buying in a contract for deed purchase. We still have not purchased it yet. Are these payments considered "business expenses?"

Whether you can answer both or one question, all feedback is valuable and appreciated. Thank you.

[Wayne Brooks]

All your 1099 and “business” income gets lumped together, so it makes no difference. 
principal payments, either for a mortgage or for a land contract are Never a deductible expense. You do have some depreciation expense in a land contract I presume.