Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
salamoniesam
New Member

Am I required to provide a 1099 MISC to a real estate agent for sales commission for selling my investment home?

 I did not pay the fee direct to the realtor but via the title closing company who then paid the realtor. The fee is a Schedule C business expense that I deducted in my real estate business.


1 Reply
Carl
Level 15

Am I required to provide a 1099 MISC to a real estate agent for sales commission for selling my investment home?

THe answer to your base question is no. You aren't reporting anything paid to the agent. You paid everything to the title company. What they did with that money isn't your concern. If required, the title company will issue any required tax reporting documents to the agent.

Dynamic AdsDynamic Ads
Privacy Settings
v