jillblairturner

Question

Can the person I worked for count expenses I paid on their behalf as income on my 1099 ? I paid for their expenses for his business on my credit card and got reimbursed.

Forum|Forum|2 years ago
April 17, 2023
1 reply
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The expenses are great not just a little bit. Apron $56,000. I am a new contractor and had no idea this would happen or I would have never paid for their expenses. How do I handle this on my taxes so I don't have to pay for that amount as income because it clearly was not.

TurboTax Self Employed Online

Yes. Have the client to include the amount on the 1099-MISC and deduct the amount paid for as business expenses.

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jillblairturnerAuthor

Thank you Shirlyn for answering my questions. Where to I claim it so that it is 100% deductible. This seem kinda unfair to the contractor.

You are using the Self-Employed software. You can deduct it as a supply expense on you Schedule C. Then the $56 will not be taxed.

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