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Is it a 1099-MIsc or 1099-C. They are two completely different things. 1099-Misc is non-employee compensation (if in box 7) and belongs in the Business section on Schedule C.
1099-C is cancellation of debt and is strictly personal.
Is it a 1099-MIsc or 1099-C. They are two completely different things. 1099-Misc is non-employee compensation (if in box 7) and belongs in the Business section on Schedule C.
1099-C is cancellation of debt and is strictly personal.
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