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Deductions & credits
The easiest way to treat this is treating the reimbursement as allowances. Being that you received a 1099 Misc income, it make sense to report the 1099 as income and then the reimbursement as allowances to arrive at any net income. This way, it helps make your tax return more clean when you report the 1099 Misc as a separate item.
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ā€ˇFebruary 9, 2020
1:11 PM