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April 1, 2020
Question

A creditor paid a debt to my collection agency used a 1099 miscellaneous to my llc but most of the money goes to the client, how do i adjust that on my taxes?

  • April 1, 2020
  • 1 reply
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1 reply

April 1, 2020

Enter the 1099-MISC as income and then enter the amount sent to the client as a business expense.