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1099 reportability of freight charges associated with product purchases
December 27, 2024
Q.
It's my understanding that freight charges associated with the purchase of products are not 1099 reportable. Is that correct?
We made a purchase from a Limited Liability Company - Partnership for products and shipping and handling. On the invoice they delineate the product costs and $1,700 for shipping and handling. The vendor describes the shipping and handling on their invoice as follows "Liftgate and inside delivery - the trucking company will deliver the items, remove them from the…
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