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should I enter the 1099NE from 1065 #21 other deduction?

I make 1099NE and i am not sure where i should enter the $ amount that I pay through the 1099NE? does the turbo tax will automatically deduct it for me? or I have entry it manually to somewhere? please help!    

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PatriciaV
Employee Tax Expert

should I enter the 1099NE from 1065 #21 other deduction?

Yes. Contract Labor is a general business expense for Form 1065 that is normally included in Line 21 Other Deductions with a custom description.

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5 Replies
PatriciaV
Employee Tax Expert

should I enter the 1099NE from 1065 #21 other deduction?

Please clarify if you received Form 1099-NEC for income that needs to be reported on your business or individual return. Or did you prepare Form 1099-NEC for someone who worked for your business and are asking where to report that expense?

 

Also, what version of TurboTax are your working with?

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should I enter the 1099NE from 1065 #21 other deduction?

I prepare Form 1099-NEC for someone who worked for my business and are asking where to report that expense?

MaryK4
Employee Tax Expert

should I enter the 1099NE from 1065 #21 other deduction?

You would report as Contract Labor. @user17695818589

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should I enter the 1099NE from 1065 #21 other deduction?

where is should entry the contactor labor? form 1065 line 21? 

thanks!

PatriciaV
Employee Tax Expert

should I enter the 1099NE from 1065 #21 other deduction?

Yes. Contract Labor is a general business expense for Form 1065 that is normally included in Line 21 Other Deductions with a custom description.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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