1099 NEC

Forum|Forum|2 years ago
February 1, 2024
1 reply
13 views

I received a 1099NEC from the general contractor and also received a 1099NEC from the title company handling the sale of the house. These two 1099s are for the same job, in the same amount. If I file both, I will be paying taxes twice for the same money received. What do I do?

TurboTax Home & Biz Windows

RobertB4444

Level 15

You can contact the one that didn't pay you and ask them to correct their 1099 to show the person who actually received the payment. Or you can enter an expense equal to one of the payments and label the expense as "Duplicate 1099" or something like that. Either way you are not expected to pay taxes on the same money twice.

@maryfrerich

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maryfrerichAuthor

Level 2

where, on the tax form, does the expense get taken? I assume on schedule C line 48?

VolvoGirl

Level 15

Yes line 48 for Other Misc Exp

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Enter the description and amount in Enter Business Expenses Not Yet Reported