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Yes, you can deduct all expenses required for making the purchases. If some of that income was earned as a service fee or compensation other than purchases, then that money is taxable.
If the 1099-NEC is strictly purchases, then you can expense them against the income.
Yes, you can deduct all expenses required for making the purchases. If some of that income was earned as a service fee or compensation other than purchases, then that money is taxable.
If the 1099-NEC is strictly purchases, then you can expense them against the income.
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