With the new rules, my small business had to issue a 1099 to a repairman for one day of work, because it was over $600 and he's a sole proprietor, not a corporation. TurboTax business asks for 1099s issued in the Compensation section, but shouldn't this be counted as a repair expense instead? Will putting it in both places double count the expense?
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enter as a repair. you can only deduct the expense once so putting in two categories would result of it being deducted twice which is frowned upon by the IRS and courts.
Either place would be acceptable just don't enter it twice. Put it where is works best for you to aline with your bookkeeping records.
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