That does not make sense.
I just entered a clients 1099 for $4200 Total for Labor and mateial cost
Taxes Due went to $4087.00
I then added the cost of material expenses to TurboTax under Expenses>Supplies for $1850.00
TurboTax recalculated to $3685.00 owed
It took $402.00off the amount owed instead of $1850.
Why am I paying income tax on $1850 of job material costs?
