hmorgeron
New Member

1099 Misc Income and Expenses

I received a 1099 Misc from a direct sales company because they automatically provide you with a "commission" check on every purchase made even on self purchases. According to my 1099 Misc, it looks like I earned almost $1000 in 2018. However, I only earned about $150 in outside sales. The rest of the sales were made by me. I purchased inventory in November because I was going to participate in a show where I could make some sales, but the show was cancelled. Now I am stuck with about $2000 worth of inventory that I am not selling. Is there a way to kind of correct this on taxes so I am not paying the extra taxes on what looks like $1000 of self employed income since it actually is not income?