- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
1099 NEC
I am a realtor. My principal broker pays me the commission from my closed transactions. I am a cash basis, but if she issues me a 1099-NEC it changes what I have to report as actual income received? My last two commission checks were not received until Jan 4, 2021, but she is including them on my 1099 NEC. That increases my tax liability significantly. How can I make this adjustment with out the IRS making correction based on the 1099-NEC. they receive?
‎February 11, 2021
2:29 PM