"Residual” commission payments should be reported as Other
Income. To do this in TurboTax,
- In your open Federal return, choose
the tab for Wages & Income
- Scroll down to Less
Common Income (you may have to click Add more income and See more income to view this topic) and Show more
-
Start/Revisit Miscellaneous Income and
choose Other reportable income
- Say Yes to continue to the screen Other Taxable Income. Enter your item
description and the amount.
A
corresponding entry will appear on Form 1040, Schedule 1, Line 21 of your
return.
