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1099-NEC
I have a small construction business and received 2 1099-NEC this year. When I entered them into where they were suppose to be entered it ask if I have and expenses to deduct. I answered no because I only kept expenses based on the entire business not the portion of it that applied to the earnings on the 1099 NEC. When I did the business income that is where all the expenses including the vehicle expenses were deducted. Was this ok. The business income looks low and the expenses looks high.
ā€ˇFebruary 4, 2021
10:20 AM