Carl, it will be over $600 that the Consignment store will collect from my consigned items, actually, it will be over $10k.
That scenario is why I really even asked the question. I had read about someone that set up book deals for writers with publishers, and it really got complicated with duplicate filing, but in the end, if you were able to follow the trail, it made sense. The publisher 1099 the middleman, middleman 1099 the writer, the writer 1099 the middleman. Each was accounting for the whole $50k, then writing off part as expenses.
I think I will go the simple approach and just claim what I received and add it to the Income section and make it something like Consignment sales.
