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RobertG
RobertGAnswer
Alumni - Intuit
March 28, 2020

That depends.

 

If you are planning to deduct payments to contractors, then you have to include them in income.

 

If you issued 1099s to your contractors you should include those in income and deduct them as an expense, since the IRS has a record of those payments.

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1 reply

RobertG
RobertGAnswer
Alumni - Intuit
March 28, 2020

That depends.

 

If you are planning to deduct payments to contractors, then you have to include them in income.

 

If you issued 1099s to your contractors you should include those in income and deduct them as an expense, since the IRS has a record of those payments.

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