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Absolutely! The fee they charge is a cost of doing business, so it’s a legitimate write-off. The only caveat is that you need to report your gross_income on line 1 of the Schedule C.
Gross income would be the entire amount you billed for your services before the 40% cut from the agency. Report this expense on line 10 of your Schedule C, “Commissions and Fees."
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Absolutely! The fee they charge is a cost of doing business, so it’s a legitimate write-off. The only caveat is that you need to report your gross_income on line 1 of the Schedule C.
Gross income would be the entire amount you billed for your services before the 40% cut from the agency. Report this expense on line 10 of your Schedule C, “Commissions and Fees."
No answer given yet!
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