Thank you again @ColeenD3 . The issue I'm having is that I'm receiving 1099s from both the venue (for $100,000, even though this is truly not my income to report) and my artist client (for the commission I deduct before passing the funds I've received along to them). So if we're hypothetically talking about a 10% artist commission, I have received 1099s for $110,000 ($100,000 from venue and $10,000 from artist) on a $100,000 contract. I have always reported $100,000 as top-line income, a business deduction of $90,000, showing a net profit of $10,000. However, I am being told that, in my industry, common practice is to report a top-line income of $10,000, since the $100,000 from the venue was never mine to begin with (I am merely pass-through and have no true fiscal relationship or contractual relationship with the venue who is paying the artist). It's all so confusing to me... any more thoughts?
