https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-1099-misc/01/2106400#M197771 <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">The checked box 7 on your form 1099-MISC is for information only. You do not enter it on your tax return.</SPAN></SPAN></P> <P>&nbsp;</P> <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">On your business return (Schedule C), you enter the actual amount of purchases from that company.</SPAN></SPAN></P> Thu, 18 Mar 2021 21:43:43 GMT MinhT1 2021-03-18T21:43:43Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/1099-misc/01/2106301#M197763 <P>I was told I received the 1099-Misc because I purchased at least $5000 from the company that I am a distributor. Do I have to add this to my income, or what?</P> Thu, 18 Mar 2021 21:25:16 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/1099-misc/01/2106301#M197763 JeanieLMM 2021-03-18T21:25:16Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-1099-misc/01/2106400#M197771 <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">The checked box 7 on your form 1099-MISC is for information only. You do not enter it on your tax return.</SPAN></SPAN></P> <P>&nbsp;</P> <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">On your business return (Schedule C), you enter the actual amount of purchases from that company.</SPAN></SPAN></P> Thu, 18 Mar 2021 21:43:43 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-1099-misc/01/2106400#M197771 MinhT1 2021-03-18T21:43:43Z