Carl,
Thank you for the note and details. So to explain a little clearer, I consult on projects to build operating plants. Sometimes the clients asks me to provide the equipment I am recommending. So I would basically arrange the purchase through the manufacturer like a buy resale. Depending on the equipment I will take a small markup or commission. So either I would markup the price of the equipment from the manufacturers price or I would pass the manufacturer to the buyer and the manufacturer would pay me a commission. The commission is easy as I usually receive a 1099 but for the resale should I just put down the markup under general business income or do I need to account for the full equipment value as a sale and then document the manufacturer cost as an expense?
Thank you in advance for the direction.
