TomD8
Level 15

State tax filing

@Honda0810 — No 1099 is issued to a buyer who is given a commission rebate.  That’s because a commission rebate is not considered taxable income to the buyer.  It is instead considered an adjustment in the price of the home.  When the buyer sells the home in the future, he should subtract the rebate amount from his cost basis in the property.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.