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1099 misc box 9

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    1099 misc box 9

    client received 1099 misc box 7 $602.66 and box 9 is checked
    Client purchases health products for himself and immediate family
    at discount price and receives bonuses when he purchases
    a certain amount per month. He does not resale the products
    he get reimbursed for the amount he paid from family members.
    How should schedule C be filled out? How can I offset gross receipts
    if there is no expenses or inventory?

    #2
    simply list same cost amount as expense for "supplies", thus zeroing out the imputed
    income.
    ChEAr$,
    Harlan Lunsford, EA n LA

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