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Should 1099 misc income be subtracted from gross reciepts
All work for the company is done through an invoice and all paid invoices reported as gross receipts. When the 1099 misc income is entered, is this income then double reported since it was already included in gross receipts? In other words, should income reported from 1099 misc be subtracted from gross receipts?
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‎June 3, 2019
11:46 AM