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I received a 1099 with my ss#. The income was direct deposit to my llc bank account. The income was reported on llc 1065. How do I report this on my personal taxes?
I was instructed to put the income on schedule C and then put it in again as a negative number with a note “ paid to llc”. The IRS reversed the negative and sent me notice I need to pay taxes the total ( which is 2 times the amount). How do I correct the Schedule C?
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June 7, 2019
3:27 PM