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Financial Planning / Tax Strategies


Subject:  Re: Late 1099-MISC Date:  4/13/2013  11:18 PM
Author:  vkg Number:  118414 of 124774

How could that be? If your friend didn't claim all his Schedule C expenses on his original return he shouldn't be allowed loose without a responsible adult escort. Something isn't computing here.

Is it possible that the "business" reported a loss, and the additional income reduces the loss?
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