As a loan officer, I had commissions paid to me on my W-2 that were split with my partner
I paid him by check and issued him a 1099 for the $6500 (his share)
In years past, this was a 1099 pmt and easy to get the funds out of net income.
If I take it a a business expense without income it is causing the business to lose $ - leaving the full amount in the personal income section -
How to I correctly account for the commission I paid to others and adjust my personal income?
