Thanks for the helpful replies. I'm happy to answer Bill's question. I had intended to add up my software sale invoices and report that as gross revenue. Payments to the developer would go under cost of goods as you said. But now I have to subtract any sales which got repoted on 1099 so my sales revenue gets chopped up and reported in two places. But you don't. All your business is gross income on Schedule C, and should be subject to self-employment tax. So it all goes on Schedule C. I appreciate your concern but I'd appreciate it if you didn't assume I was attempting tax fraud. I didn't really assume it, I merely suspected it. When people get upset about getting a 1099 reporting taxable income, that's suspicious.Bill
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra