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Business & farm
Interest earned by a Sch C business goes on the personal return as regular interest not on the Sch C and the form doesn't need to be reissued as it is not incorrect. The IRS knows all items under the EIN belongs on the return with your SS# ... it all marries up on the form 1040.
ā€ˇFebruary 4, 2021
5:06 AM