I am an independent contractor and have received a 1099 MISC from the owner of the business for which I work. He keeps 30% off the top of whatever I earn for secretarial support, insurance filing, booking clients, etc. So, lets say my 1099 is for 12600, meaning I really earned 18,000 and he kept 7,400. Am I able to deduct that 7400 somewhere under other common business expenses....and if so, where? Commissions? it's sort of like a commission paid to a manager....
