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pissaanne_18
New Member

I am with a MLM company and earn commissions. I often gift a part of my commissions to new customers which gives them a discounted price, is this deductible?

 
6 Replies
ToddL
New Member

I am with a MLM company and earn commissions. I often gift a part of my commissions to new customers which gives them a discounted price, is this deductible?

If your commission income is reported to you on a 1099-MISC, then you should be able to deduct these payments   from your income ("Income you Gave Back"). See the attached screenshot for where to find this entry in TurboTax Self-Employed. 

This entry is a Business Income entry, not a "gift".

pissaanne_18
New Member

I am with a MLM company and earn commissions. I often gift a part of my commissions to new customers which gives them a discounted price, is this deductible?

Thank you for your time, the attached screenshot will not open? I would like to know where i enter this. Look forward to hearing from you again.
pissaanne_18
New Member

I am with a MLM company and earn commissions. I often gift a part of my commissions to new customers which gives them a discounted price, is this deductible?

Do I list it under commission expenses?
pissaanne_18
New Member

I am with a MLM company and earn commissions. I often gift a part of my commissions to new customers which gives them a discounted price, is this deductible?

misc expenses titled income given back?
ToddL
New Member

I am with a MLM company and earn commissions. I often gift a part of my commissions to new customers which gives them a discounted price, is this deductible?

I've replaced the screenshot. You could also list as Misc Expense, "Rebates"
pissaanne_18
New Member

I am with a MLM company and earn commissions. I often gift a part of my commissions to new customers which gives them a discounted price, is this deductible?

Thank you!
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