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Do you list each persons name and the amount of the 1099 or
do you just summarize the expense? For example I pay someone to clean my business and issued them a 1099-nec. Do I list it as cleaning and the amount or do I actually list their name and the amount?
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No it is not listed as cleaning. That is Contract Labor on Schedule C line 11. You can list each person (then it will transfer to next year) or just enter the total. Only the total goes to Schedule C line 11.
How to enter Contract Labor
https://ttlc.intuit.com/community/entering-importing/help/how-do-i-enter-contract-labor/00/27407
Thank you
Thanks for the quick answer.
I have a 1095-B, where in turbo tax do I enter that information for my self-employed health insurance?
Can I deduct health ins when Self Employed?
Where to enter Self Employed Health Ins
Self Employed health Insurance does not go directly on Schedule C so it will not reduce your Net Profit or self employment tax.
If your health ins exceeds your net self-employment income it gets split. An amount equal to your net self-employment income goes on Form 1040 Schedule 1 line 17 (to 1040 line 10) and the remainder gets added in to medical expenses on Schedule A.
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Raph
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Raph
Community Manager
in Events
Raph
Community Manager
in Events
raviraju88
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popomama1
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