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Business & farm
One more question to RayW answer. How do I report the actual money that I received within the year? Do I lower the amount of the 1099-NEC and enter it in the other income location?
It's odd, because even though it is our portion of the commission, the Principal Broker (at least mine) does not issue me a check until after she deposits it and it shows that the amount was deposited in her account... then she writes the check. So technically, it's not available to me until I actually receive it in the mail. I asked her to correct the 1099-NEC to show the correct amount, but of course she wants it out of her account... and back dated her checks. Frustrating.
‎February 16, 2021
12:06 PM