Deductions & credits


@danielle-51 wrote:

Why would one business send another business a 1099-nec?


Because your customer paid $600 or more to your partnership.

 

See https://www.irs.gov/instructions/i1099mec#en_US_2022_publink100019786

 

Regardless, if you reported the figure on the tax reporting form you received on your 1065 as sales, you are basically done; you do not need to also enter the figure from the 1099-NEC.

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