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Business & farm
Do you have any other income like W2 or 1099R, etc? You have to report all your no matter how small even if you didn't get a form. Even $1 of bank interest.
They only have to give you a 1099NEC for 600 or more. But you still have to file the income. Enter it on Schedule C as Cash or General income. You can still deduct all your expenses. You can show a loss on Schedule C.
March 1, 2022
4:14 PM