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Investors & landlords
I used the word "Business" since TurboTax Home and Business lists Rental properties under Business and calculates QBI - I am not in Real Estate Business.
In the past when i worked with different real estate agent - i was given a gift letter for the contribution towards closing cost. However now (different agent) gave me 1099-NEC , that makes it as self employed income and not towards cost of closing. How do i handle this?
‎February 5, 2023
8:46 AM