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Howard78
New Member

A 1099-Misc includes expenses reimbursed. Do I just reduce the 1099 amount by the known expenses the company reimbursed, or do I have to report it a expenses?

 
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WillK
Intuit Alumni

A 1099-Misc includes expenses reimbursed. Do I just reduce the 1099 amount by the known expenses the company reimbursed, or do I have to report it a expenses?

You should include the entire amount of income shown on the 1099 and then add the expense in as an actual expense. The IRS gets copies of the 1099 and will be looking for that on the return. 

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1 Reply
WillK
Intuit Alumni

A 1099-Misc includes expenses reimbursed. Do I just reduce the 1099 amount by the known expenses the company reimbursed, or do I have to report it a expenses?

You should include the entire amount of income shown on the 1099 and then add the expense in as an actual expense. The IRS gets copies of the 1099 and will be looking for that on the return. 

**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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