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Self employed
Residual commission payments should be reported as Other Income.
- In your open Federal return, choose the tab for Wages & Income
- Scroll to the bottom under Less Common Income select Start (or Update) for Miscellaneous Income.
- Choose Other reportable income
- Answer Yes to Any Other Taxable Income
- On the next screen enter the description and amount
The entry will appear on Form 1040, Schedule 1, Line 8z of your return. Feel free to reach back if you have any other questions.
March 17, 2024
6:04 AM