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I paid some money to my son , where I should report the amount in the turbotax software, in Contract Labor or Employee Expenses?
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June 3, 2019
6:23 PM
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Deductions & credits
For work done in your business, it depends on how you paid him. If your business issued him a W-2 for 2016, it is reported under 'Employee Expenses'. If your business did not issue a W-2, or issued a 1099-MISC, it is reported under 'Contract Labor Expense'.
June 3, 2019
6:23 PM