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Tax Law (Questions About Taxes)/1099 -product vs service?


Anoelg wrote at 2015-01-25 01:42:15
If you altered the original product per customer's specifications  you are adding value hence providing service.  Walmart, Home Depot resell merchandise without altering its shape or any other characteristics.   That is the main difference between reselling a product with a retail markup and providing service in case of which you make money by altering the original good/material.  Hope this helps.  

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Randall Klein, MBA, EA


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