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How accurate should be precise amount of expenses when you file 1099k

 
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How accurate should be precise amount of expenses when you file 1099k

You will want to enter your expenses as accurately as possible.  Also, you will need receipts of expenses and written documentation of any mileage.  If the IRS ever questions your deductions, not having proof will eliminate them.  If that happens, it would result in owing back taxes and underpayment penalties.

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