Hello: I have a travel business for additional income. Due to the pandemic, I received a lot of cancellations and gave refunds that included loss commission. Under Business Income/Income You Gave Back, can I enter the amount pertaining to loss commission? I ask this question because the amount may be larger than income on my 1099. Also, the expenses for my business is more than the income i received. Will this trigger an audit? Any advice will help. Thanks.
