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My Real Estate Agent issued 1099-nec for the commission towards closing cost. Is this considered income?
I have contributions towards closing cost on investment property. My real estate agent issued 1099-nec for the amount. I use Turbo Tax Home and Business. I am unable to enter 1099-NEC under business which is actual reason for this payment but have to report under my personal Income. How to handle this?
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‎February 4, 2023
2:26 PM