Broker commission rebate.

[Rickey]

I am a broker.  I offer my clients a commission rebate.  I understand they don't report is as income and i don't issue a 1099.  My question is where do I report the rebate on turbo tax?

I understand that the 1099 i get from the closer, or selling company may reflect may only reflect the commission i received and therefore i do not report the rebate on my taxes.

If the 1099 shows the total commission paid to me and not the rebate then where do i enter the rebate on my tax form

sorry long stuff to ask a simple question

Stay safe

[tagteam · Accepted solution]

You should be able to deduct the amount of the rebate as a business expense (most likely on Schedule C if you file as a sole proprietor).

Refer to the thread below for more details, but the "Other expenses" category can be used for this purpose.

https://ttlc.intuit.com/community/taxes/discussion/is-a-commission-rebate-taxable-to-buyer-s-agent-m...