JohnB5677
Expert Alumni

Business & farm

You can enter the 1099-K as Self Employment income.  You would enter the total amount and then on the expense side of your Schedule C you would put the original price of the tickets and also the amount of the commission.  This should result in the actual amount that you received.

 

NOTE:  You will not only pay Income Tax you will also pay Self Employment Tax (Social Security and Medicare).

 

How to Post a 1099-K

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