When I complete a 1099misc form for a contracted employee do the amounts automatically post to my business expenses?

[Anonymous_ · Accepted solution]

If you are referring to some sort of automatic transfer to TurboTax, then it will not do so.

Regardless, if you are preparing a tax reporting statement for amounts you paid to an independent contractor (nonemployee compensation) in 2020, you should be preparing Form 1099-NEC.

See https://www.irs.gov/instructions/i1099msc

[VolvoGirl]

No sorry.  You have to enter it manually.  How to enter Contract Labor

https://ttlc.intuit.com/community/entering-importing/help/how-do-i-enter-contract-labor/00/27407