TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 2

Question

1099-NEC services refund

Forum|Forum|3 years ago
March 31, 2023
1 reply
14 views

Hello,

Last year I sold my primary residence and due to my real estate agent not performing services promised, they refunded me $4,400 of the commissions paid for the sale of my house. I received a 1099-NEC with $4,400 in box 1. Please confirm if a refund of fees paid to a real estate agency should be considered taxable income to me on a 1099-NEC.

Thank you!

Level 15

Yes, the amount reported on the 1099-NEC will be reported as income to you. However, the 1099-NEC is usually issued to report self-employment income, so you will have to indicate that in your entry.

Enter the info from your form, and on the next screen, indicate that 'this is not money earned from employment...'

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

SeaAd1751Author

Level 2

Thank you, I was hoping a refund of money I paid for a service a month prior wouldn't be taxable income, but it sounds like it is.

Thank you