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March 14, 2021
Question

Plexus Perks Used for Personal Use

  • March 14, 2021
  • 1 reply
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I earned free products as a Plexus Ambassador that I kept for personal use.  The value of these goods was included in my 1099-NEC.   Is there somewhere on Schedule C to "deduct" the value assigned by Plexus to these products from my income?

    1 reply

    March 14, 2021

    No, there is no place to deduct the value of these awards.  The IRS requires vendors to report awards of products or services valued over $600 and these awards are taxable to their recipients.  These 'free' products have a value and are taxable to you.