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Get your taxes done using TurboTax
The 1099-MISC is used to report income, in this case royalties, to your business. You may have had taxes withheld in either box 4 or 8 and if so, these amounts would go under "Taxes and Licenses" on your 1065. There would not normally be any other lines that would be deductions to the business.
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‎February 7, 2022
6:47 PM