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Level 1
posted Jan 27, 2021 11:40:42 AM

Can I write off a portion of a real estate commission that I paid back to a customer?

I received my full commission check but then paid a customer some of the proceeds. So I didn't realize the entire amount paid to me. Can I write off the amount I refunded the customer?

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1 Best answer
Level 15
Jan 27, 2021 12:58:23 PM

You may claim the rebate as an expense only if the full commission is included on your own year-end 1099-MISC or 1099-NEC.

5 Replies
Level 15
Jan 27, 2021 12:00:46 PM

yes it's deductible. enter it as returns and allowances. 

Expert Alumni
Jan 27, 2021 12:23:58 PM

Yes, it is an expense to you.

Level 15
Jan 27, 2021 12:58:23 PM

You may claim the rebate as an expense only if the full commission is included on your own year-end 1099-MISC or 1099-NEC.

Level 1
Jan 30, 2021 7:46:52 AM

Thank you very much.

Level 1
Jan 30, 2021 7:48:24 AM

Thank you. This is great news especially this year