1 year, 4 months ago
Does a business report 1099-Misc Contract Labor wages on the 1065 Line 9 (Salaries and Wages) or Line 20 (Other Deductions)?
This may seem simple, but even the IRS instructions fail to tell you where to actually note your 1099-Misc Contract Labor expenses. They'll talk all day about needing to give your Contract Laboror a 1099, but you can't find out where to note it on your 1065. Is Contract Labor considered Wages? Or Other Deductions? (example: Legal and Professional fees fall under "Other Deductions". Would it follow that contract labor also falls under that?
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