1099 Misc

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?

posted

The checked box 7 on your form 1099-MISC is for information only. You do not enter it on your tax return.

On your business return (Schedule C), you enter the actual amount of purchases from that company.

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I forgot to add a 1099-int to my tax return. So I added it. Then I wondered if I needed to amend it, so I went in to do that and it already was included. What's going on?

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