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erikmedinaa
February 8, 2023
Question

Hi, I have a trucking business and have received a 1099-NEC form. I hired a dispatcher to get me workloads, and he took a 7% cut. Do I file gross or net pay?

  • February 8, 2023
  • 1 reply
  • 0 views
For sake of conversation, we'll use $1000 as gross income. On my 1099NEC form, box 1- Nonemployee Compensation is $1000. The dispatcher would take 7% of total earnings per workload/trip. What I actually earned was $930. Which amount do I file?

1 reply

M
MinhT1
February 8, 2023

You must enter the gross amount as shown on your 1099-NEC.

 

You then claim as business expenses (for example under Commissions) the 7% retained by the dispatcher.

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    E
    erikmedinaaAuthor
    February 13, 2023

    Thank you!

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