PeterM
New Member

Get your taxes done using TurboTax

You'll report the total that was paid to you minus any expenses you paid, or fees that were deducted.

If there were fees removed before you were paid, then those fees are a business expense. In that situation you would list the gross amount as income with an expense listed as "Commission Fees" or something. To do this in Turbo Tax, follow these steps...

Log into your tax return. Use the search box in the upper right hand corner. Type in "schedule c" in the box. This will bring up the "Jump to schedule c" link...click that link. From here Turbo Tax will ask you some specific questions about your business. You'll be led through a different screens asking you more questions regarding your business. You'll also be taken to a screen to enter you income. Once you enter your income, Turbo Tax will bring you to the screen for you to choose what expenses you would like to enter onto your tax return.


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