I'm a sole proprietor with 2 employees. I have one independent contractor for whom I provide a 1099. When I filed the PPP documents, there was nowhere to include the amount paid to the independent contractor-- only wages from my 2019 form 940. Did anyone else find a way to include their 1099s?
And am I right that although rent and mortgage interest costs can be covered by the loan, they cannot be included in the loan amount calculation?
Hi there... there is no link to submit the 1099s. I have about 30 ICs and ran into the same issue. What you need to do is do a 1040 Draft and include your PnL. You PnL should include your 1099 expenses and that's how they look at it. I uploaded all the 1099s before, but it was saying I still need to upload documents, so I deleted everything, and just uploaded my PnL from Quickbooks and did a draft 1040 based on what I anticipate in filing. Good luck.
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