For the first time in the years I have worked for this Broker, the they sent me a 1099 that included the full amount of the commission, including his commission. Which you say is highly unusual, and I agree. The brokers portion of the commission was deducted before I received my commission check. Would this be deducted from line one on Schedule C somehow? Line 7 on Schedule C should be the total amount I received, correct? Since my contract with the Broker states that he shares in the total commission received, it's a commission not a expense, correct? The commissions are automatically deposited into my bank account when he pays me and will not match the amount on the 1099 income.
