I have a Sole Proprietor LLC that does business with one large client. Per agreements with this client, all consumables for projects that my LLC pays for are billed back through an external agency. I received my 1099-NEC from one of the agency's that paid 24,000 in reimbursable this year but the 1099-NEC reads 0.00. Is this an error or should it read as 0.00? If the 1099-NEC should read as 0.00 should I still deduct the 24,000 I. consumables as expenses?
