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You claim amount paid for non-employee compensation either as a cost of goods sold, or ordinary and necessary business expense.
To access this in Turbotax Home and Business:
· Open your return
· Click on the BUSINESS tab
· Under the Business Income and Expense section
· On the Profit or Loss from Business line click the Update button
· On your business line click Edit
· Scroll down and click and click Start on either:
· Inventory / Cost of Goods Sold, or
· Business Expenses
· Enter your information as appropriate
You claim amount paid for non-employee compensation either as a cost of goods sold, or ordinary and necessary business expense.
To access this in Turbotax Home and Business:
· Open your return
· Click on the BUSINESS tab
· Under the Business Income and Expense section
· On the Profit or Loss from Business line click the Update button
· On your business line click Edit
· Scroll down and click and click Start on either:
· Inventory / Cost of Goods Sold, or
· Business Expenses
· Enter your information as appropriate
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