"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?"

777

Intuit Alumni

Jun 4, 2019 3:58:45 PM

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.

New Member

Feb 28, 2020 9:43:47 AM

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

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"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?"