according to the top of my "income advisory statement" Mary Kay will not send you a 1099-MISC unless your wholesale purchases totaled more than $5,000 or you received $600 or more in commissions, prizes, or awards or you had any amount of income tax withheld during the tax year. I had none of those things but I still bought wholesale products and sold them for profit. What would I do in this situation? I read an article that as a consultant we should complete 1040 schedule C, form 8829, and form 1040 schedule SE. Any advise?
