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I purchased a new home.My buyer's agent paid me cashback and asked W-9 from me but didnt issue any 1099 form.Is this cashback taxable?How to handle this while filing tax?
Cashback amount is around $20K.
He asked w9 from me but didnt give any 1099MISC or 1099NEC or any form to me.
Do i need to declare this while filing tax? Is this taxable income? What's the best way to handle this?
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March 13, 2025
9:38 PM