No I don't think so. What is his gross income? Suppose his income is 50,000 minus the 1099Nec 24,000. His Net Income is 26,000.
You report 1099NEC 24,000 and expense 12,000. Your Net Income is 12,000.
So the total net income between you is 38,000 (26+12). Plus 12,000 exp = 50,000. I think that makes sense?
