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Subject:  Re: 1099-misc Date:  2/2/2012  2:16 PM
Author:  fleg9bo Number:  114876 of 127549

You are considered to have received the money as freelance or consultant income. You then spent the income on your expenses for the speaking engagement. Your net income from the activity is $0.

Just out of curiosity, what if the speaking engagement had been at the very beginning of January and he had spent the money for plane tickets in December?

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