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Other financial discussions
Thank you, Patricia, appreciate the reply. You said I can report my expense (which would be the same amount of the grant paid to another party) on another 1099-NEC, but I don't have another 1099-NEC. If I'm paying tax on the grant amount as ordinary income, I suppose it doesn't matter what was done with, correct? It's not like I'll get a deduction for applying it to the purpose of the grant. Or, do I misunderstand?
‎April 1, 2024
1:31 PM