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How / Where do I enter deductions for 1099-nec ?
This is the first year I have received any kind of 1099. I have located the area in turbo tax that I am to attach the 1099-necs but I have no idea where I should list the deductions for these jobs that I received the 1099-necs for.
Typically when doing my taxes, quickbooks calculates my cost of a job so I just enter my profit/net income into turbo tax.
Should I list the cost of the goods used for the job under "Business Income and Expenses / supplies" and create a category called "JOB materials and supplies"?
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March 2, 2021
8:49 AM