I have started a Information Technology consulting LLC on November 21st 2022 and 2 of my LLC employees who are on my payroll work for a different vendor on contract basis . That vendor made 2 payments to my LLC on December 19th and December 30th for hours worked by my employees. Now I ran the payroll for 2 of my employees in January 2023 (I took zero cut). My question is when I file my business and personal taxes for 2022 how should I report 1099 income which I received form the vendor? As I made no profit from it will my net income from my business be zero. Any input is appreciated. Thanks.
