When I enter the 1099 amount (commissions) and then the change in inventory (COGS) in the Business section, it shows I have a loss because the 1099 I received only represents the commission, not the entire sales proceeds. How do I enter this in the Business section?
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As long as your total income exceeds your 1099-MISC, you don't even need to enter your 1099-MISC to claim your income. Since you entered it already, you can claim the balance of the sales proceeds in the Additional Income category.
As long as your total income exceeds your 1099-MISC, you don't even need to enter your 1099-MISC to claim your income. Since you entered it already, you can claim the balance of the sales proceeds in the Additional Income category.
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