turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

ryanrv20
New Member

Sold and purchased a home this yr, my wife was the realtor and we forwent her commissions. Do we need to claim the commissions even though none were received?

We did not receive a 1099-nec for these transactions
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

Sold and purchased a home this yr, my wife was the realtor and we forwent her commissions. Do we need to claim the commissions even though none were received?

If she did not receive any compensation then you have nothing to report as income regarding the sale.

ryanrv20
New Member

Sold and purchased a home this yr, my wife was the realtor and we forwent her commissions. Do we need to claim the commissions even though none were received?

Thanks. 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question