Tax question

[dylaust]

My husband has a proposal to be a middle man in some sales transactions. Basically he sets up the sale of litter with farmers, a litter buyer picks up the litter and cuts my husband a check. My husband then pays the farmer and keeps his cut of the money. The litter purchaser will send my husband a 1099 at the end of the year. What steps will we have to take at the end of the year to account for this? How do we write off the amount that we didn't keep that was paid to the farmer?

Thanks for your help,
Tracy