This is a terribly worded and wholly inappropriate answer. A sellers concession helps the buyer to manage closing costs. There is usually not a repair involved so you’ve moved this entire issue to another category and done so with arrogance. Saying “reporting it correctly to the IRS” helps no one. I had the same question as OP. The concession - for your future reference - gets tacked onto the sale price of the house and then goes to the buyer for closing. I’ve read the responses for 5 minutes and cannot go on as the general hostility while misunderstanding the question is really shameful. Please don’t respond. This was more than enough -
