Quicken Community is moving to Single Sign On! Starting 1/22/21, you'll sign in to the community with your Quicken ID. For more information: http://bit.ly/CommunitySSO

Payment made to a subcontractor in Quicken Home, Business and Rental Pro

What category do I assign a payment made to a subcontractor in Quicken Home, Business and Rental Property?

Best Answer

Answers

  • Frankx
    Frankx SuperUser ✭✭✭✭✭
    That depends on what the payment was for and on how you track payments in your Quicken instance.  Since the payment was to a "subcontractor" it could be for almost anything. And given that you are using Q Home, Business, & Rental Property it could apply to any of those areas.

    In general, the fact that the payment was to a subcontractor - as opposed to a more "direct" payment - isn't all that relevant UNLESS you have a specific reason.  For example - you need/want to record those payments in a way that will allow you to issue 1099 forms at the end of the year (e.g. for a unincorporated subcontractor., you might need to issue a 1099-NEC form - for non-employee compensation).


    Quicken H&B-Subscription - Ver. R29.20 - Build 27.1.29.20  - Windows 10 Home - Ver. 2004
                                             - - - - Quicken User since 1984 - - - 
      -  If you find this reply helpful, please click "Helpful" (below), so others will know! Thank you.  -
  • Yes I will need to issue a 1099.
This discussion has been closed.