Donna H. asked
I own a digital marketing agency that uses a broker model. I was issued a 1099 for $2,226,000, with $2,126,000 paid to the brokered agency, resulting in a profit of $100,000. Where do I list the $2,126,000 expense on Schedule C, and how does the IRS know the majority of this money was sent to the agency that provided the leads?
September 30th, 2023
Cheryl G. answered
For your digital marketing agency, which operates on a broker model, you should report your business...
September 30th, 2023
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