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Investors & landlords
So if you do not report the 1099-misc in Schedule E but you do report it in Sch C would this not solve this specific audit concern then?
And for the main " you would be hanging a sign ..." argument:
reporting income in Sch C will have to trigger self employment tax in order for you to end up increasing your SS benefits. So I do not see why the government should be thinking fraud when people volunteer self employment tax?
‎December 4, 2024
3:44 AM