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My recommendation is to amend your tax return. Theoretically, you don't need to amend your return if it doesn't change your refund/tax liability. Practically, however - the IRS has a copy of the 1099-MISC and will be looking for it on your tax return; they also don't know that you have expenses against that income. To avoid a CP2000 letter asking your for tax due on the $3000 and missing form, amend the return to show that you report the income and claim the expenses against it.
My recommendation is to amend your tax return. Theoretically, you don't need to amend your return if it doesn't change your refund/tax liability. Practically, however - the IRS has a copy of the 1099-MISC and will be looking for it on your tax return; they also don't know that you have expenses against that income. To avoid a CP2000 letter asking your for tax due on the $3000 and missing form, amend the return to show that you report the income and claim the expenses against it.
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