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allisbs
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Where do I put in the write off for hiring family employee's for my business? Contract labor?

 
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2 Replies

Where do I put in the write off for hiring family employee's for my business? Contract labor?

Depends.  Did you take out taxes and give them a W2?  Or a 1099NEC?  

 

Where to enter business expenses
https://ttlc.intuit.com/community/entering-importing/help/where-do-i-enter-my-self-employment-busine...


You need to give a 1099NEC to anyone you paid $600 or more to for the year. 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.


1099NEC is Contract Labor Schedule C line 11. You can just enter the total or list each one. Only the total goes to schedule C.

Where do I put in the write off for hiring family employee's for my business? Contract labor?

you have not provided enough info about them.  they could very easily be employees in which case they should be getting W-2s and your business should be withholding, paying payroll taxes and filing payroll tax returns. if they are employees, see a tax pro ASAP. there are significant penalties for failure to withhold and file payroll tax returns.

 

here's the form that could be submitted to the IRS to make a determination. you can fill it out without filing it 

https://www.irs.gov/pub/irs-pdf/fss8.pdf 

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