Discussion:1099 MISC disclosure
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Discussion Forum Index --> Basic Tax Questions --> 1099 MISC disclosure
Discussion Forum Index --> Tax Questions --> 1099 MISC disclosure
| 15 January 2008 | |
| I will appreciate guidance on the following:
Independent contractor charges $5000 for landscaping services and $650 for travelling. On his 1099Misc do we (S corporation) show $5,650 or only $5000. In our P&l should we show $650 as travel expense or added it to $5000 and show $5650 as landscaping? | |
| 15 January 2008 | |
| I would put the entire $5,650 on the 1099. The landscaping company will expense the travel on their tax return along with the income and reimbursement for travel. The SCorp will expense entire amount as landscaping. | |
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