Where should I enter foreign independent contractors' payments/expenses (remote work so no 1099) in my schedule C form? Should I list it under "Legal/Professional Fees" or should I put it under Contract Labor even though there is no 1099?
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Why would 1099 matter to classification of your expense?– littleadvCommented Apr 4, 2022 at 18:21
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I don't know? Should I put it under Contract Labor then? Although these workers/companies are foreign?– Luis CruzCommented Apr 4, 2022 at 18:34
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See no reason why not– littleadvCommented Apr 4, 2022 at 18:42
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1 Answer
The 1099 requirement doesn't affect how your business expenses are characterized. If you're not required to send 1099 to your contractors - it doesn't make them any less contractors.
answered Apr 4, 2022 at 18:43
