My wife is doing a little real estate work and starting to work with another realtor, but using her license so she’ll be receiving the full commission, but will be passing a good amount of it off to the partner. How would we report it for taxes later? Would it be a 1099-MISC to the the partner? Or would that be consider under schedule c (line 10)? I want to make sure we’re only paying tax for only the amount we kept. I believe it’s a 1099-MISC correct, but wanted to confirm?
