I was wondering if you can help me with a tax question. I advanced a large commission to an agent a couple years ago and he was 1099'd for it from the company that he sold the product with. A couple months later the policy lapsed and the commissions were charged back to me. Now after a couple years I realize he will never pay me back what he owes. Would I just deduct this as a misc expense on my Schedule C or how do I handle it? I originally thought of a 1099-C but realized he was already sent a 1099 NEC a couple years ago for this case.
Thanks again for all your help!
