Question is I got two 1099 Misc. from one client with the same EIN but with different $ amounts -- as there were 2 jobs--how do you enter this? TT shows the 2 entries but whichever I do last it makes both entries the same dollar amount. Do I just combine the totals as all the monies received from that company??,
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Yes, you may combine the totals from both of these Items. Before you do so you should do two things:
In most cases a business (Self-Employed or not) is going to have a Gross Income that is higher than the Total Income reported with a 1099-MISC. The IRS uses the reported income from 1099-MISC to cross-reference the income that a business is reporting in their Annual Income Tax Return. Since you don't file the 1099-MISC with your return if the income that you are reporting in Schedule C meets or exceeds the amount reported with 1099s you should not have any issues related to under-reporting income on your return.
Yes, you may combine the totals from both of these Items. Before you do so you should do two things:
In most cases a business (Self-Employed or not) is going to have a Gross Income that is higher than the Total Income reported with a 1099-MISC. The IRS uses the reported income from 1099-MISC to cross-reference the income that a business is reporting in their Annual Income Tax Return. Since you don't file the 1099-MISC with your return if the income that you are reporting in Schedule C meets or exceeds the amount reported with 1099s you should not have any issues related to under-reporting income on your return.
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