Reporting it on line 4 would be incorrect. Additionally, if your Broker is going to continue reporting gross commissions on your 1099-MISC, you should request that he furnish you with Form W-9, to facilitate your preparation of his 1099-MISC. Here's a link to that form: <a rel="nofollow" target="_blank" href="
https://www.irs.gov/pub/irs-pdf/fw9.pdf">https://www.irs.gov/pub/irs-pdf/fw9.pdf</a>
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
