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Form 1099MISC is a catch-all form used to capture taxable sources of income not reported elsewhere. Which of the following statements is true concerning Form

Form 1099MISC is a "catch-all" form used to capture taxable sources of income not reported elsewhere. Which of the following statements is true concerning Form 1099MISC? Question 13Select one: a. Any and all income reported on Form 1099MISC will transfer to the tax return as "Other Income" b. Receipt of a Form 1099MISC by a taxpayer means that Schedule C or C-EZ will need to be filed with the tax return c. Form 1099MISC is used for information purposes only. Items of income reported on this form will also be reported elsewhere to the taxpayer d. None of the above are true statements

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