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Deductions & credits
If he doesn't get a 1099Misc he can report it either way. It will come out the same.....
report 100% and expense the 40% = 60% Net Profit
only report the 60% & zero expenses = 60% Net Profit
Plus he can Expense any actual expenses he pays out of pocket for.
‎April 1, 2020
1:15 PM