MinhT
Expert Alumni

After you file

If you are have included the amount on the 1099-MISC as business income on your original return, then your original tax return was already correct. You do not have to do anything. Just keep the 1099-MISC with your records for at least 3 years.

In fact, businesses that receive a large number of forms 1099-MISC do not enter them individually in the 1099 format, but report business income as a lump sum.

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