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I have a 1099-MISC for some hobby income that is completely offset by expenses. Do I claim it under 1099-MISC or under Hobby Income or does it matter?
The reason I ask is because the Hobby Income section doesn't ask for 1099 information, but the 1099-MISC section does give me an option to write off expenses. Because I have 1099-MISC for this hobby, I'm unsure if filing it under Hobby Income with a 1099-MISC will raise an audit flag.
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May 31, 2019
11:10 PM