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Old 12-15-2010, 01:43 PM
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1099 misc

We participated in the State of Alaska home weatherization program and will receive a rebate of $5500.00. The state will issue us/irs a 1099 on this rebate. Since we paid for all materials/labor out of pocket after taxes, do we have to pay fed. taxes on this rebate? If so, isn't that double taxation? Thanks

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