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demasow
New Member

My wife owns a small business. I do her books, pay statements, invoices, etc. Should my efforts be considered an expense or should I be sent a 1099-MISC?

 
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MinhT
Expert Alumni

My wife owns a small business. I do her books, pay statements, invoices, etc. Should my efforts be considered an expense or should I be sent a 1099-MISC?

Your work cannot be claimed as an expense by your wife's business. If she paid you, the business could claim the amount paid as an expense, but you will have to report the amount paid as income.

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MinhT
Expert Alumni

My wife owns a small business. I do her books, pay statements, invoices, etc. Should my efforts be considered an expense or should I be sent a 1099-MISC?

Your work cannot be claimed as an expense by your wife's business. If she paid you, the business could claim the amount paid as an expense, but you will have to report the amount paid as income.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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