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Business & farm
You would enter the 1099-NEC as Sales of Product or Service Receipts if it is for services rendered. Other business income includes discounts earned, refunds of insurance premiums, or rebates.
If payment for services you provided is listed on Form 1099-NEC, you are being treated as a self-employed worker or independent contractor. Please verify that this is NOT included in the gross receipts total. If it is, this information is already included in your gross receipts total.
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March 1, 2021
1:28 PM