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osty38
Returning Member

Do i enter the 1099 misc amounts I handed out to our sales reps under ind contr amounts in 1065?

We have a real estate office - an LLC with 2 owners.  We gave our sales reps, that are independent contractors, a 1099 misc.  When doing the 1065 for the LLC do I enter those amounts under other deductions as independent contractors?

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MinhT
Expert Alumni

Do i enter the 1099 misc amounts I handed out to our sales reps under ind contr amounts in 1065?

The amounts paid to your contractors and reported on forms 1099-MISC are deductible as a business expense on form 1065.

You enter the total amount as Payments to independent contractors (see attached screenshot).

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