jross1535
New Member

I sell Insurance. How do I report a chargeback in 2017 for 1099 income from 2016

I sell Insurance products and received a chargeback of $10,500 in 2017 for commission that I earned in 2016 and was reported on my 2016 1099. So, I paid tax on this money in 2016 but had to pay it back in 2017. The company said that they don't issue a 1099 for a negative number,