Do I have to report the 1099 Misc income I filled for the Ind Contractor that worked for me on my taxes?

[AlanT · Accepted solution]

You do not have to report it, however, you should report it.  It is an expense that you can use to lower your self-employment income.  

[Test1]

Thank you for this info. I am new at the self employment and I wanted to make sure I put it in the right place.

[VolvoGirl]

Yes, why wouldn’t you want to?
Go to Federal on left
Income & Expenses
Then scroll way down to Business Items


Go to Business tab- then Continue
Business Income and Expenses - Click the Start or Update button

If you haven't added a business yet you have to go though a lot of screens describing your business.  Or if you already added your business, you should see the Business Summary page that lists your businesses, (right below the list you can Add Another Business)

Then click EDIT by the business name and the next screen should be a list of  topics,
Business Profile, Income, Inventory/Cost of Goods Sold, Expenses, Assets, and Final Details last.

Under Business Expenses, Click Start or Update by Other common business expenses
Contract Labor is the 5th item in list.

You can either enter the total for all of them or enter each name individually.  Only the total goes to schedule C line 11 but it you enter them individually you will have a record and the names will transfer to next year so you won't forget anyone.