If I do not 1099 a contractor because I paid them less than $600, can I still right off the pay as an expense for the business? Thanks!
035062
3 Replies
Carl
Level 15
Jun 5, 2019 5:07:02 PM
Yes. You are required to claim all business expenses regardless of the amount, and it doesn't matter if a 1099-MISC is required or not.
Cat69
New Member
Aug 7, 2021 9:29:05 AM
How and where do I claim money paid to a contractor for work less than $600?
VolvoGirl
Level 15
Aug 7, 2021 9:34:34 AM
Was this for your business? You can only enter it as an expense on Schedule C for self employment. You don't need to give them a 1099NEC for less than 600.
That is Contract Labor on Schedule C line 11. How to enter Contract Labor