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How are gross receipt taxes that were included in my 1099-NEC accounted for?

do you need to back gross receipts taxes out of your 1099-nec?
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3 Replies
ThomasM125
Expert Alumni

How are gross receipt taxes that were included in my 1099-NEC accounted for?

I think you mean that your income reported on form 1099-Nec includes taxes collected and then remitted to a taxing authority. If so, you should deduct them by entering them in the Taxes expense category.

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How are gross receipt taxes that were included in my 1099-NEC accounted for?

How do I get to that section?

ThomasM125
Expert Alumni

How are gross receipt taxes that were included in my 1099-NEC accounted for?

When your enter your form 1099-NEC in the Self-Employment section of TurboTax your will see a section for Expenses where there will be an option to Add Expenses for this Work.

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