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1 reply

P
PattiF
April 15, 2022

 

 

 You got the 1099-MISC with Box 7 marked because you sold over $5k in goods.  This lets the IRS know that you were moving product. The IRS has a copy and is aware. If that is the only box marked on your form, it does not go on your tax return. It is informational. The IRS knows, You know the IRS knows. Make sure you account for the product you moved in your return. You do not enter this form in your return.

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