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February 18, 2020
Question

Income reporting question

  • February 18, 2020
  • 1 reply
  • 0 views

I charged my client 50k for advertising in 2019. I kept 15% for commission and paid the other 85% to an outdoor advertising company. Do I report just my 15% as income or report the entire 50k as income and 42.5k as expenses?

1 reply

DoninGA
Employee
February 18, 2020

Report the entire 50k as income and the 42.5k as expenses