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No, if you paid the real estate agent in connection with the sale, it is a sales expense. It is used in calculating the gain or loss for the disposition of business property (Form 4797). The rental property commission expense is like a "referral fee" for finding the renter, and this is an expense reported on Schedule E.
No, if you paid the real estate agent in connection with the sale, it is a sales expense. It is used in calculating the gain or loss for the disposition of business property (Form 4797). The rental property commission expense is like a "referral fee" for finding the renter, and this is an expense reported on Schedule E.
How do I report a $3,100.00 payment to a real estate agent for renting 3 single houses? She did not want to fill a W9.
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