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C
chatloco
April 10, 2023
Question

Where do I report income shared with collaborators? Line 2 Schedule C?

  • April 10, 2023
  • 1 reply
  • 0 views
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1 reply

V
Vanessa A
April 11, 2023

You would report income you paid to others as payments to subcontractors.  If you paid any of them more than $600 you would need to issue a 1099-NEC to them. As you walk through the expense section you will be asked if you paid anyone more than $600 and need to issue a 1099-NEC.  Answer yes.  This should have been done by the end of January. 

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