turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

"A Realtor works for a Broker with an 80/20 Commission split. Total commission $1000. Realtor received from the Broker $800. Should Realtor's 1099 state $1000 or $800?"

"Let's say you are a Realtor working for a broker. A sale resulted in the total commission of $1000. which the Broker received but the broker gets 20% of that $200.00 (80%20%) split. The Realtor actually received $800 payment. What is reported on the Realtor's 1099 Misc, $1000. or $800?"

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
WillK
Intuit Alumni

"A Realtor works for a Broker with an 80/20 Commission split. Total commission $1000. Realtor received from the Broker $800. Should Realtor's 1099 state $1000 or $800?"

The $1,000 should be reported on the 1099-MISC, and then when you do your business expenses, the $200 broker cut would be an expense. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Robz48
New Member

"A Realtor works for a Broker with an 80/20 Commission split. Total commission $1000. Realtor received from the Broker $800. Should Realtor's 1099 state $1000 or $800?"

The broker will receive $1000, write a commission check of $800 to the Realtor, and issue a 1099 for $800.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies