How do you reporting self-employment income, where agent commissions have already been deducted before payment was received?
031459
1 Best answer
TurboTaxJennifer
Level 11
Oct 30, 2019 12:57:43 PM
In the Business section, enter the income (before deductions) as the Gross Income amount. In the Expenses section, deduct the commissions as Management/Administration fees.
3 Replies
TurboTaxJennifer
Level 11
Oct 30, 2019 12:57:43 PM
In the Business section, enter the income (before deductions) as the Gross Income amount. In the Expenses section, deduct the commissions as Management/Administration fees.
bskik2021
New Member
Apr 22, 2023 11:20:58 AM
RE: "In the Expenses section, deduct the commissions as Management/Administration fees."
Unable to locate a "Management/Administration fees" section in turbo tax Self-Employed.
TurboTaxSusan
Moderator
Apr 23, 2023 1:25:24 PM
@bskik2021 In TurboTax Self-Employed Online 2022, the box to enter Management/Administration fees is on the page after Office Supplies, and is titled "How much did you pay for Banking and Other fees?".