Payment of Wages to Employer

[TKTax]

An insurance salesman receives bonuses in the form of paychecks reported on a W-2 from an insurance company. He is paid a salary by his employer, and by agreement gives this other income to his employer, a broker. I have seen this done with 1099's, and it has just been an exchange. I reported it on a Schedule C as a wash. Because of the W-2, is it possible to take this repayment anywhere other than as a miscellaneous deduction? Maybe a negative on Form 1040 Line 21?

[Pacun]

If I understand correctly, you can issue a 1099misc and file schedule C with a loss.