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How do I enter a 1099-MISC my business received?
I am filing a 1065 for my partnership. The business received a 1099MISC under it's name and FIN from another business (The business sold product on consignment in a store). Where do I enter the compensation amount(box 7)? Is there a separate place for it or do I just add it to the product sales amount? It is not already included in the gross receipts total.
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posted
June 6, 2019
10:59 AM
last updated
June 06, 2019
10:59 AM
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How do I enter a 1099-MISC my business received?
Just add it to receipts total. As long as your total receipts are more than your total 1099-MISC amounts you are okay.
June 6, 2019
10:59 AM
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How do I enter a 1099-MISC my business received?
Just add it to receipts total. As long as your total receipts are more than your total 1099-MISC amounts you are okay.
June 6, 2019
10:59 AM
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