California Form 568

orindamark · ‎March 28, 2020

Are payments to contractors included in liine 1 Total income?

RobertG · ‎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"

View solution in original post

RobertG · ‎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"

Expert does your taxes

Do it yourself

Resources

Support

California Form 568