Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jan 21, 2020 5:35:35 PM

As an Independent contractor where to deduct fees paid to a company that you get work from

0 1 470
1 Best answer
Expert Alumni
Jan 21, 2020 6:33:40 PM

As independent contractor you will be entering your income and expenses on a Schedule C in the Self-employment income and expenses under the Income & Expense heading. 

 

After entering the 1099-Misc information under the Income section you will enter your expenses. Select Add expenses for this work. You would then go through the listing of expense categories and select those that pertain to your business.

 

If the payment to the companies are commissions, select Commissions - Other commissions. 

 

Another area to enter the payment amount would be the Other Miscellaneous Expense - Other Miscellaneous Expense Section. You would enter the amount of the payments and a description of the expense.

 

 

1 Replies
Expert Alumni
Jan 21, 2020 6:33:40 PM

As independent contractor you will be entering your income and expenses on a Schedule C in the Self-employment income and expenses under the Income & Expense heading. 

 

After entering the 1099-Misc information under the Income section you will enter your expenses. Select Add expenses for this work. You would then go through the listing of expense categories and select those that pertain to your business.

 

If the payment to the companies are commissions, select Commissions - Other commissions. 

 

Another area to enter the payment amount would be the Other Miscellaneous Expense - Other Miscellaneous Expense Section. You would enter the amount of the payments and a description of the expense.