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Get your taxes done using TurboTax
Yes. As shown above, I am having you deduct the amount of the 1099-NEC with the description "Income reported on 1099-MISC". You are writing this description because you are deducting your 1099-NEC because it was already listed under the 1099-MISC.
This leaves you with the remaining about of the 1099-MISC, as described in Section 4 #7.
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March 20, 2021
11:56 AM