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juannn696
New Member

How do i report income i paid to someone else

 
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2 Replies
DawnC
Employee Tax Expert

How do i report income i paid to someone else

If you are self-employed and paid someone to do work for your business, it is reported as a business expense on your Schedule C.   It is either wage/payroll expense (if you paid an employee) or it is contract labor (if you paid a non-employee).

 

Where do I enter my self-employment business expenses?  

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How do i report income i paid to someone else

If you paid anyone $600 or more you need to give them a 1099Misc.  But not to corporations or for merchandise. You send the IRS a copy of the 1099Misc with the transmittal summary form 1096. These are due to the person by Jan 31 and to the IRS by Jan 31 also.

 

That is Contract Labor on Schedule C line 11.

 

How to enter Contract Labor

https://ttlc.intuit.com/community/entering-importing/help/how-do-i-enter-contract-labor/00/27407

 

How to create W2s and 1099

https://ttlc.intuit.com/community/forms/help/how-do-i-create-w-2-and-1099-forms-in-turbotax/00/25869

 

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