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Deductions & credits
No, not in the way you describe. Since you received Form 1099, you are considered to be self-employed. This income is reported on Schedule C, which also allows you to report expenses related to that income. If you have legitimate business expenses to offset the commissions you received, you may be able to reduce the taxable income from Schedule C. Note that any net profit on Schedule C is subject to self-employment taxes.
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‎April 6, 2023
5:37 AM