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Level 1
posted Apr 16, 2023 12:02:39 PM

Issued a 1099 to a contractor, where do I report it on turbotax?

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?

0 4 846
4 Replies
Level 15
Apr 16, 2023 12:11:12 PM

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

Level 1
Apr 16, 2023 12:26:50 PM

Thank you 

Level 1
Apr 16, 2023 12:36:01 PM

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?

 

Level 15
Apr 16, 2023 12:38:08 PM

Can I deduct health ins when Self Employed?

https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-my-health-insurance-premiums-when-i-m-self-employed/00/26990

 

Where to enter Self Employed Health Ins

https://ttlc.intuit.com/community/entering-importing/help/where-do-i-enter-my-health-insurance-premiums-if-i-m-self-employed/00/27111

 

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.