Re: if need 1099, some <600 when deduct cost of withheld money for shared music demo
I had a band last year. Some of my band members made >$600. We recorded a demo last year and as they wished, I deducted the cost of the demo from their pay for a few of the gigs. With that deduction, most of them made less than $600. Do they need 1099s if they therefore fall <$600 threshold?
Thanks a lot.