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Level 1
July 7, 2020
Question

Self-employed Charge Backs

  • July 7, 2020
  • 2 replies
  • 19 views

Where do I enter in any commissions that I had to return because  the contracts were canceled?   Is that done in the Misc Expenses category?

    2 replies

    Rick19744
    Level 13
    Level 13
    July 7, 2020

    That would certainly be acceptable.  Just label it accordingly; cancelled contract revenue or returned commissions.....just something along those lines.

    *A reminder that posts in a forum such as this do not constitute tax advice.Also keep in mind the date of replies, as tax law changes.
    Critter-3
    Level 15
    July 7, 2020

    If you are filling in a Sch C look for that section in the INCOME area ...