topic 1099misc entry is not crediting full amount in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/1099misc-entry-is-not-crediting-full-amount/01/512431#M210057 <P>prior to entering 1099misc my tax owed is&nbsp;$ 46,337.&nbsp; When I enter $47548 of 1099 I paid out, it shows $ 30,931 due.&nbsp; Why only a&nbsp;$ 15,406&nbsp; reduction in tax owed ?<BR /></P> Wed, 05 Jun 2019 02:39:38 GMT grant919tax 2019-06-05T02:39:38Z 1099misc entry is not crediting full amount https://ttlc.intuit.com/community/taxes/discussion/1099misc-entry-is-not-crediting-full-amount/01/512431#M210057 <P>prior to entering 1099misc my tax owed is&nbsp;$ 46,337.&nbsp; When I enter $47548 of 1099 I paid out, it shows $ 30,931 due.&nbsp; Why only a&nbsp;$ 15,406&nbsp; reduction in tax owed ?<BR /></P> Wed, 05 Jun 2019 02:39:38 GMT https://ttlc.intuit.com/community/taxes/discussion/1099misc-entry-is-not-crediting-full-amount/01/512431#M210057 grant919tax 2019-06-05T02:39:38Z Expenses paid are a reduction from your income, not from... https://ttlc.intuit.com/community/taxes/discussion/expenses-paid-are-a-reduction-from-your-income-not-from/01/512442#M210061 <P>Expenses paid are a reduction from your <U>income</U>, not from the taxes due.</P> Wed, 05 Jun 2019 02:39:39 GMT https://ttlc.intuit.com/community/taxes/discussion/expenses-paid-are-a-reduction-from-your-income-not-from/01/512442#M210061 SweetieJean 2019-06-05T02:39:39Z