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Get your taxes done using TurboTax
But, if you receive a Form 1099-MISC for a Sale amount of $5,000, you would show a gross sale of $5,000 and then report a 3rd party payment of $4,500 or less (as long as you know the other parties Federal Employer Identification Number or their SSN.
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‎November 16, 2022
3:17 PM