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Do I have to pay taxes on buyer credit on second home sale 1099-s
We sold our recreational cabin property in 2019. We gave the buyer a $20,000 credit on the price (per our RE agent, rather than a $20k price reduction). The 1099-S is for the original amount instead of $20k less. Do I have to pay taxes on money never received?
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‎June 7, 2019
5:00 PM