Re: 1099 Misc non employee compensation misreporte...
Level 15
Level 15

Get your taxes done using TurboTax

The 1099-MISC that you received is correct. It includes all the money that they paid to you. When you report your business income, you enter the amount that you paid for materials as a business expense. That reduces your net business income by the amount of the expenses. The effect on your tax is the same as if the amount was not included in the 1099-MISC. You will not be paying tax on the amount for materials.

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