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    #1

    Received money from sale

    Client sold assets last year in 07. Got all them squared away last year. BUT this year - he received income from his clients that the person who purchased the assets - he payed him a commission or fee of 20% of what he did. Great he received the extra money while he worked or did something else. So report it on the schedule D or wow - guess it could be the 4797 - just don't think it would be a schedule C due to not really doing a service for him.
    Any thoughts
    Happy tax day
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    #2
    You might be able to stick it on line 21 if it's a one-time deal.

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      #3
      Never thought about that

      He seems to be getting something this year but won't last long he says. It is like a thanks your or what I see - a kick back for buying some of his business. But never thought about putting it on line 21 - so now - lets see - line 21 - D, 4797. Don't you just love taxes????

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