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1099 independent contractors commission expenses
11/3/09 2:33 PM, Viewed by asker 11/3/09 2:34 PM
Total Views: 57
Total Views: 57
1099 for i
independent contractors. I own a real estate brokerage and need to know how to set up my agents as independent contractors and track 1099's.Di i show the commissions I pay them as income and then expense it to them?
All Replies: Answers (1)
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Answer
11/4/09 12:07 AM
I'd make you independent contractors as vendors. Setup an expense account called Commissions. In your preferences set commission as the #7. Write checks to them.
Edit menu > Preferences > Tax:1099 > Company Preferences > Box 7 Commissions as account.
Hope this helps. If so please mark solved, if not please ask more questions. Thanks!
Hope this helps. If so please mark solved, if not please ask more questions. Thanks!
Ray White
http://community.intuit.com/me...
http://www.raywhiteenterprises.com
Ray White
http://community.intuit.com/me...
http://www.raywhiteenterprises.com
