- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Salesman; received incentive for getting people to finance via 1099-NEC
I sell construction equipment. I received a 1099-NEC for incentive monies received for getting people to finance from the banking institution. This doesn't feel right as I go through Turbo Tax as it asks about accounting methodology, etc. Shouldn't this be treated similar to a manufacturer's incentive on a 1099-MISC? How can I correctly report this on my taxes?
March 12, 2022
4:35 PM