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MRSHEZEL
New Member

recieved a 1099 income already reported in gross sales on scheadule c

I will be recieving a 1099 from one of my accounts. gave them a w9. i have a produce business, i enter gross reciepts then total cost of product. in 40 years never had a 1099 from a customer. do i need to keep this account seperate? IRS says line one  sched C total sales be sure to include all 1099s. Turbo taxs askes if i recieved any 1099s.  If i enter the1099 it would be counted twice.

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1 Best answer

Accepted Solutions
Vanessa A
Employee Tax Expert

recieved a 1099 income already reported in gross sales on scheadule c

No.  You do not need to keep separate records for those who will give you a 1099.  You can combine all the income as you always have as long as the combined income includes ALL the income.  You should still keep the 1099 for your records.

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4 Replies

recieved a 1099 income already reported in gross sales on scheadule c

If you have already enter the amount from the Form 1099-MISC as income then disregard the form.

Vanessa A
Employee Tax Expert

recieved a 1099 income already reported in gross sales on scheadule c

No.  You do not need to keep separate records for those who will give you a 1099.  You can combine all the income as you always have as long as the combined income includes ALL the income.  You should still keep the 1099 for your records.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
MRSHEZEL
New Member

recieved a 1099 income already reported in gross sales on scheadule c

OK to your answer. Now in turbo tax H&B it askes did you recieve any 1099s? I f i say yes its a problem, if i say no im telling the IRS a lie. So what do i do?

recieved a 1099 income already reported in gross sales on scheadule c

You are lying to TurboTax, not to the IRS.  You are reporting to the IRS exactly what you received from the 1099-MISC.

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