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smith8789
New Member

Can commissions not received be claimes as a loss on taxes/

Company my wife was   representing went bankrupted and she did not get commissions on several items sold and delivered, thus a loss of income.  Is that a realized loss for taxes.

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Accepted Solutions
Coleen3
Intuit Alumni

Can commissions not received be claimes as a loss on taxes/

No, unless it was reported as income on a 1099-Misc and you can't get a corrected version. Since it is an income tax, you merely report the income you did receive.

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1 Reply
Coleen3
Intuit Alumni

Can commissions not received be claimes as a loss on taxes/

No, unless it was reported as income on a 1099-Misc and you can't get a corrected version. Since it is an income tax, you merely report the income you did receive.

View solution in original post

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