We pay 30% rent to the business issuing my husband's 1099. The 30% comes directly out before my husband is paid, so it does not show on the 1099. Can we deduct that?
03880
3 Replies
HelenC12
Expert Alumni
Jan 22, 2020 8:22:50 AM
Yes, you can deduct the 30% rent you pay since the 1099-MISC form shows 100% of the income your husband earned not the 70% he actually received.
no - because you technically never received the money to begin with, so you already have the benefit.
if the rent was not netted from the 1099 (meaning the 1099 was a higher dollar figure) than you could, but it gets you back to the same place.
NCperson
Level 15
Jan 22, 2020 11:32:12 AM
@HelenC12 - can you please go back and read the question again and reconfirm your response.... the 30% comes out BEFORE the husband is paid, which I read as :