AnnetteB6
Expert Alumni

Get your taxes done using TurboTax

Yes, since your income is reported on a 1099, you are considered a self-employed individual.  You will use Schedule C Business Income and Expenses as part of your tax return.

 

You would claim all of the income that you received, and then claim a business expense for the 35% that you pay the company for their services.  That way, your taxable income will be the remaining portion of the amount reported on the 1099.  You can also take other business expenses into account when you file your Schedule C.

 

See the following TurboTax help article to learn more:

 

What Is a Schedule C IRS form?
 

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