I acted as the general contractor while building my daughter's home in 2019 and 2020 'not for profit'. The construction loan disbursements were sent to me and I handled all payments for materials and services. The bank sent me a 1099misc for the amount disbursed in 2019 and I assume they will do the same for 2020. My question is how do I fill out my 2019 taxes that balances out what was disbursed and paid out so that I don't pay income taxes on the disbursements?
