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1099-NEC deducted from business income

Hello,

I am a small business owner.

Last year, I paid a contractor and sent him a 1099-NEC form.

In the Turbotax Business version, I did not see anywhere I could enter this expense as business expense.

Could you please provide some guidance?

Thank you.

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7 Replies
ee-ea
Level 15

1099-NEC deducted from business income

What are you filing ?  1120, 1120S or 1041

1099-NEC deducted from business income

What service did the contractor perform for you?

1099-NEC deducted from business income

My business is filing 1065 - Partnership.

1099-NEC deducted from business income

Consulting and Commerical broadcasting. 

1099-NEC deducted from business income

For myself, I was hoping to pass through the business income/loss to my personal tax return 1040.

ee-ea
Level 15

1099-NEC deducted from business income

Deduct as Contract Labor  under Other deductions. Deduction will pass to  you thru the 1065 K-1

1099-NEC deducted from business income

Thank you very much!

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