I have two different Sch C businesses. One pays the other for my services. Am I required to issue a 1099-Misc form to myself?
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I have two different Sch C businesses. One pays the other for my services. Am I required to issue a 1099-Misc form to myself?
Negative.
In fact, preparing TWO separate Schedule Cs is a waste of time; combine the business activities under ONE schedule C unless the two activities are clearly different in nature.
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