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Deductions & credits
@raj18 wrote:- If the commission paid back from buyer agent to buyer is taxable for the buyer agent?
No. For federal income tax purposes the rebate will reduce your cost basis (as the buyer) in the property and the rebate would be deductible for the agent.
@raj18 wrote:- If commission being paid back to buyer is considered a kick back in washington state.
It is in a handful of states, but I do not believe that is the case in the State of Washington. You can contact the Real Estate Commission and inquire.
See https://www.dol.wa.gov/business/realestate/consumernews.html
‎September 7, 2021
8:19 AM
4,383 Views