Skip to main content
Level 2
June 4, 2019
Question

My business software gives me a total number for all of my cash collected for the year. Do I just subtract the number from the 1099-MISC I was sent?

One of my clients sent me a 1099-MISC and my billing software just gives me a readout for all my clients combined into a gross income. Do I subtract the amount on the 1099 before I put in the business income, since I added the 1099 separately?

2 replies

Carl
Level 11
Level 11
June 4, 2019

Yes.

Level 2
June 4, 2019
Thank you!