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I had to issue a 1099 misc to a fellow contractor. We split commissions and I had to issue him a check. Where can I access that part on the Turbotax Home and Business?
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June 4, 2019
5:05 PM
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Get your taxes done using TurboTax
You claim amount paid for non-employee compensation either as a cost of goods sold, or ordinary and necessary business expense.
To access this in Turbotax Home and Business:
· Open your return
· Click on the BUSINESS tab
· Under the Business Income and Expense section
· On the Profit or Loss from Business line click the Update button
· On your business line click Edit
· Scroll down and click and click Start on either:
· Inventory / Cost of Goods Sold, or
· Business Expenses
· Enter your information as appropriate
June 4, 2019
5:05 PM