I bought a house and I get a bonus for finance with my bank. the amount was 2500 that was used for them in closing costs. I don't receive a 1099. that money is taxable?

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I bought a house and I get a bonus for finance with my bank. the amount was 2500 that was used for them in closing costs. I don't receive a 1099. that money is taxable?

No, the bonus for financing with your bank is not taxable income.

This would be considered a non-taxable rebate on the purchase of your loan.

For more information, follow this link:

https://turbotax.intuit.com/tax-tips/irs-tax-return/taxable-income-vs-nontaxable-income-what-you-sho...

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I bought a house and I get a bonus for finance with my bank. the amount was 2500 that was used for them in closing costs. I don't receive a 1099. that money is taxable?

No, the bonus for financing with your bank is not taxable income.

This would be considered a non-taxable rebate on the purchase of your loan.

For more information, follow this link:

https://turbotax.intuit.com/tax-tips/irs-tax-return/taxable-income-vs-nontaxable-income-what-you-sho...

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