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Reporting Contract Labor
Should I report all 3 of the following contract labor types under TTax "Contract Labor" Business expense section for my self-employed home based business which uses my name as business name:
1. Those I paid less than $600 and did not issue a 1099NEC?
2. Those I paid more than OR less than $600 using Paypal who then decides whether to issue a 1099 NEC?
3. Those I paid more than $600 and personally issued a 1099NEC?
TTax doesn't ask about method of payment so I don't want the IRS to think I mistakenly did not issue a 1099NEC when it was Paypals responsibility.
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March 26, 2021
3:04 PM