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Is software required to run hardware 1099 reportable?

January 9, 2024

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Q. We paid a vendor for network firewall hardware and software. The vendor is a limited liability company partnership. Is the software that is required to run the hardware 1099 reportable? The software was not customized. We view all of this as a product purchase, similar to how when you purchase a computer it comes preinstalled with an operating system software in order to function. Do you agree that non-customized software required to run hardware is merely part of a product purchase and…

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