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Investors & landlords
I poorly worded my last response. When I said "sum" I meant "difference" between what I gross pay the lawyer minus the reimbursements others have paid me. That net amount is what I feel I should put on line 10 and then file via 1099-NEC... that is if everyone here concurs that's the cleanest way for the IRS.
The $600 1099 amount is not what I was in reference to though with the overreach. I was referring to the new "Inflation Reduction Act" law where over a few hundred dollars the banks need to start submitting to the IRS. It used to be over $10k but this new nonsense in my opinion is way too Big Government. Here I am simply collecting small payments just to make a big payment but now have to look over my shoulder and see if Big Government is going to harass me about it.