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Level 1
March 28, 2020
Solved

California Form 568

  • March 28, 2020
  • 1 reply
  • 0 views

Are payments to contractors included in liine 1 Total income?

Best answer by RobertG

That depends.

 

If you are planning to deduct payments to contractors, then you have to include them in income.

 

If you issued 1099s to your contractors you should include those in income and deduct them as an expense, since the IRS has a record of those payments.

1 reply

RobertG
RobertGAnswer
Level 12
March 28, 2020

That depends.

 

If you are planning to deduct payments to contractors, then you have to include them in income.

 

If you issued 1099s to your contractors you should include those in income and deduct them as an expense, since the IRS has a record of those payments.

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