Question

In filing my 1099-NEC, how do I show my expense of paying my co-worker/business partner?

Forum|Forum|5 years ago
May 17, 2021
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Employee

Please explain. Do you mean you have a business partner? A domestic partner? ,

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S

ssloan0516Author

I have a 1099 for all profit, I gave my business partner half of the earnings, but I see nowhere that I can fill out on my tax return that I have given him that money. I filled out a 1096 and the IRS has that, and my business partner was given a 1099 from me with the amount I paid him. So my question is how do I show that I gave half of my earnings to someone so that I am not taxed the full amount?