I report all of the amount noted on box 1 of the 1099. I negotiate for the client to pay for commissions There is a disbursement letter sent to the escrow company signed by my broker so I can get a check mailed to me and the rest is sent to my broker. The amount noted on box 1 of the 1099 is the commission paid to me AFTER the broker split. Point being is that I generate ALL of the commission and am paying a percentage to the broker. Same question, can I deduct the broker's split as a business expense? Thank you for your help.
