DawnC
Expert Alumni

Investors & landlords

Make sure you are required to issue the salon owner a 1099-MISC before you do as 1099s have to be issued before 01/31 to avoid penalties.  The basic rule is that you must file a 1099-MISC whenever you pay $600 more to an unincorporated independent contractor — that is, an independent contractor who is a sole proprietor or member of a partnership or LLC. 

 

You can use TurboTax Self-Employed, TurboTax Self-Employed Live, TurboTax Home & Business for Windows, and TurboTax Business to create W-2 and 1099-MISC forms for your employees and contractors you paid over $600.  Choose your platform below for full instructions:  

 

Instructions for TurboTax Self-Employed and TurboTax Self-Employed Live

Instructions for TurboTax Home & Business CD/Download software

Instructions for TurboTax Business

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