- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Contractor Deduction / Reimbursement
I have a contractor to whom I will need to 1099 at year's end. A few third parties have contributed to help absorb the cost. On my schedule E do I:
A) Claim their contributions on income line 3 and then 1099 the full amount that I paid the contractor?
B) Only claim and 1099 the contractor the net out-of-pocket amount?
C) Some other solution?
Topics:
‎August 22, 2024
1:24 PM