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Level 2

1099 Form

I started a business last year and I received my 1099 forms in the mail. How do I transfer these 1099 forms to someone else because they received all the money from the business? Do I have to amend my personal taxes because I did not add this money to my income because I'm transferring it to another person?

1 Reply
Level 20

1099 Form

Read through the following (short) paragraph relating to nominee returns.

 

https://www.irs.gov/instructions/i1099gi#idm140119320878080