- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Issued a 1099 to a repairman for 1 job - do I deduct it in Repairs or put it in Compensation as a 1099, or both?
With the new rules, my small business had to issue a 1099 to a repairman for one day of work, because it was over $600 and he's a sole proprietor, not a corporation. TurboTax business asks for 1099s issued in the Compensation section, but shouldn't this be counted as a repair expense instead? Will putting it in both places double count the expense?
Topics:
‎September 11, 2023
12:25 AM