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Form 1099-MISC question

Forum|Forum|7 years ago
June 1, 2019
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A subcontractor charged me $1000 to do some work for my company. He charged $200 worth of material on our account at the lumber store, so I deducted that from what I owed him and wrote him a check for $800. Question is do I issue a 1099-MISC for $1,000 or $800?

Best answer by DanielV01

$800. Make sure you keep the lumber receipt, because you now claim that as an expense on your business. ($800 pay plus $200 lumber you provided equals $1000 of his invoice). If he insists that he is claiming the lumber, then the 1099 would be for $1000. (And let him deal with the paperwork).

DanielV01Answer

Employee

$800. Make sure you keep the lumber receipt, because you now claim that as an expense on your business. ($800 pay plus $200 lumber you provided equals $1000 of his invoice). If he insists that he is claiming the lumber, then the 1099 would be for $1000. (And let him deal with the paperwork).

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