- Mark as New
 - Bookmark
 - Subscribe
 - Subscribe to RSS Feed
 - Permalink
 - Report Inappropriate Content
 
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).
	**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
			
			
			
			
			
			
			
		**Mark the post that answers your question by clicking on "Mark as Best Answer"
			
    
	
		
		
		‎February 4, 2020
	
		
		2:46 PM