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I received 1099s from 2 insurance companies and gave money to my employer as insurance sales is part of my job.
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To get the information into the return correctly, since the original 1099's were issued to you, you will need to claim that income on your return on Schedule C, then you would indicate under the expenses the amount that you paid out to your employer (this would go under contractors expense).
The IRS will be looking to match the 1099's that you received to your return, so you will need to report them.
This will be the easiest and cleanest way to let the IRS know the money was received by you and then paid out as well.
To get the information into the return correctly, since the original 1099's were issued to you, you will need to claim that income on your return on Schedule C, then you would indicate under the expenses the amount that you paid out to your employer (this would go under contractors expense).
The IRS will be looking to match the 1099's that you received to your return, so you will need to report them.
This will be the easiest and cleanest way to let the IRS know the money was received by you and then paid out as well.
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