If i collected $30000 on a 1099 but $14000 of that was paid out to DMV for title fees, how do I deduct?

posted

Connect with an expert

1 Reply

If i collected $30000 on a 1099 but $14000 of that was paid out to DMV for title fees, how do I deduct?

Simple ... income on Sch C of $30K and expenses of $14K and the program will net it out automatically.

Still have questions?