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.