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March 25, 2022
Question

How are gross receipt taxes that were included in my 1099-NEC accounted for?

  • March 25, 2022
  • 1 reply
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do you need to back gross receipts taxes out of your 1099-nec?

1 reply

March 25, 2022

I think you mean that your income reported on form 1099-Nec includes taxes collected and then remitted to a taxing authority. If so, you should deduct them by entering them in the Taxes expense category.

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March 25, 2022

How do I get to that section?