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Other financial discussions
@lisay wrote:
I am potentially relying on the fact that there is a nexus, in that the realtor purchased the house himself and then sold it the next day to a client, for $150,000 more than he paid/purchased from me.
I understand and I suggest you seek a legal opinion that bears on that issue.
If you have an attorney handling your case against the realtor, you can ask your attorney directly (or ask for a referral if the attorney is not knowledgeable in tax matters).
Otherwise, if you receive the wrong kind of tax reporting statement as a result of the settlement (e.g, a 1099-MISC), that will be problematic.
‎November 4, 2020
9:24 AM
3,057 Views