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Get your taxes done using TurboTax
No. The IRS does not like netting and rightly so in this case; lack of payroll tax (FICA).
You need to reflect both amounts just as the transactions happened.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
‎June 4, 2019
2:28 PM