In your situation, yes, the portion of the commission that you paid the Broker should be deducted on Line 10, Schedule C, as a commission. Be aware that, if your Broker is an individual rather than a corporation, and the amount you paid him was $600 or more, you must file a 1099-MISC with the IRS (and a copy to him) to report the commission you paid him. You may want to read this web reference on tax reporting of split commissions: <a rel="nofollow" target="_blank" href="
https://www.nar.realtor/legal/irs-requires-reporting-of-cooperative-commissions">https://www.nar.rea...>
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
