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navin79
New Member

Intent to earn money: Buying home commission rebate

When buying my home, my real estate agreed to give me part of his commissions as a rebate. HE provided a 1099-MISC with the amount as other income.Is this considered an intent to earn money?

2 Replies
AnthonyJ
New Member

Intent to earn money: Buying home commission rebate

Typically rebates are not reportable income, but since you were provided a 1099-MISC you are now required to include it on your return.

Please see this answer posted by TurboTaxAnnetteB, EA:

https://ttlc.intuit.com/replies/6030479

freal
New Member

Intent to earn money: Buying home commission rebate

I'm in the same boat. I received a 1099 from my realtor because he gave me a chunk of the commission he earned from my purchasing a home. I'm just not sure if that counts as "intent to earn money" or not.

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