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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Yes. Contract Labor is a general business expense for Form 1065 that is normally included in Line 21 Other Deductions with a custom description.
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?
I prepare Form 1099-NEC for someone who worked for my business and are asking where to report that expense?
You would report as Contract Labor. @user17695818589
where is should entry the contactor labor? form 1065 line 21?
thanks!
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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