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Where do I put the expenses for a 1099-MIS C from a online sales group? Thrive or Le-Vel Brans LLC?
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June 4, 2019
11:37 PM
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Business & farm
Sales "group"??? This matters. Are you the owner of a business? If so, are you the sole and only owner of this business? This matters big time for correct reporting of business income. So is the business I presume you own a:
Single member LLC?
Multi-Member LLC?
LLC that has filed IRS Form 8832 to be "treated like an S-Corp" for tax purposes?
An actual S-Corp?
A C-Corp?
This matters.
Single member LLC?
Multi-Member LLC?
LLC that has filed IRS Form 8832 to be "treated like an S-Corp" for tax purposes?
An actual S-Corp?
A C-Corp?
This matters.
June 4, 2019
11:37 PM
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Business & farm
Sounds like those pyramid direct marketing things, like Amway. Sch C for income and expenses.
♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪
June 4, 2019
11:37 PM
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I'm not clear if they're dealing with one business they own, or two.
June 4, 2019
11:37 PM
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Thrive is one of those direct sales things that seem to be the fad and you can make some good money if youre the start of the pyramid and can get people to sell under you...most people fizzle out within a year.
♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪
June 4, 2019
11:37 PM
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You can report self-employment income and expenses on Schedule C in TurboTax. For more information on reporting this income and expenses, see Self-Employment Taxes & Reporting Business Income and Deductions
June 4, 2019
11:37 PM