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New Member
posted Oct 30, 2019 12:57:42 PM

How do you reporting self-employment income, where agent commissions have already been deducted before payment was received?

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1 Best answer
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
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.

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.

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?".