Do I file my income as $100, or the net of $50?

[ign3us]

Do I file as $100, or the net of $50? My Business Commission Statement for Dec 2017 was $50+$50. they sent $100 to my account; then later, my commissions showed a -$50 balance on Statement due to customer return. Going into Jan 2018 still shows -$50.

This was my total income from this company for the year 2017, so there was no 1099.

[kerriP · Accepted solution]

When did the $50.00 get removed from your account?

If it was in 2017, I would definitely say your total earnings were $50.

However if you decide to report the $100, in 2017,  you can take off the $50 next year as a reduction to income.

[ign3us]

Thank you.