Hello,
I worked for part of the year as a freelance model. I am needing to report my earning. My agency provided me with a statement outlining my earnings as complete income and commission fees listed etc. Do I report my earnings before or after my agency takes its % cut?
Thank you
You report your total earnings before the agency takes out its fees. You can then list agency fees, cost of head shots, beauty services for a gig, etc., as expenses against your income to arrive at your net income.
The program automatically complete Schedule C for you when you add your self-employment income in TurboTax (usually from Form 1099-NEC or 1099-MISC). Here's how to add your self-employment income:
You report your total earnings before the agency takes out its fees. You can then list agency fees, cost of head shots, beauty services for a gig, etc., as expenses against your income to arrive at your net income.
The program automatically complete Schedule C for you when you add your self-employment income in TurboTax (usually from Form 1099-NEC or 1099-MISC). Here's how to add your self-employment income: