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throwawayaccount22
May 6, 2022
Question

Do I need to file a 1099 for a contractor if I paid with a credit card?

  • May 6, 2022
  • 1 reply
  • 0 views

Do I need to file a 1099-NEC for a contractor if I paid them with a credit card? I paid someone about $800 for marketing services last year by credit card through their online invoicing software.

 

Thank you!

1 reply

AlexV
AlexV
May 6, 2022

Hello throwawayaccount22!


Thanks for reaching out to us. Let me assist you and share some details in filing 1099.


Contractor payments made via credit card, debit card, or a third-party system like PayPal are reported on the 1099-K form. Please note that you do not need to file this form because the financial institution reports these payments.


You can check this link for your reference on how to file your year-end taxes: QuickBooks Self-Employed annual tax guide.


I'm more than happy to work with you again. Want to record transactions? Let me know and I'll get back to you again. 

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