I paid a contractor to produce my product that I take online sales for. They are a corporation. Do I need to send them a 1099 misc? I read that you do not need to send a 1099 misc to corporations, so i did not send them one. I put the amounts in the Contract Labor section of Turbo Tax. Is this correct?
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That is correct. If they are a corporation you do not need to send them a 1099-MISC, and you would record their fee under contractor expense on the return.
That is correct. If they are a corporation you do not need to send them a 1099-MISC, and you would record their fee under contractor expense on the return.
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