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Question
I work at a farm as a horse trainer and pay the property owner 10% of all riding fees and a portion of stabling fees. What type of expenses are these. Are they office fees or rent?
AI accountant’s answer:
Since you are collecting the money and paying this person, you'd categorize this as contractor payments. You'd also likely need to issue this individual a 1099 in January.
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Answer
Since you are collecting the money and paying this person, you'd categorize this as contractor payments. You'd also likely need to issue this individual a 1099 in January.
No answer given yet!
Melissa Pedigo, CPA
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