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ronvmp
New Member

I received commission on insurance sales while working at my full time job. I turned money over to them. Where in TT do I show I issued a 1099 to my employer.

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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WillK
Intuit Alumni

I received commission on insurance sales while working at my full time job. I turned money over to them. Where in TT do I show I issued a 1099 to my employer.

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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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
WillK
Intuit Alumni

I received commission on insurance sales while working at my full time job. I turned money over to them. Where in TT do I show I issued a 1099 to my employer.

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. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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