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.

my20161
New Member

My husband paid another realtor a referral fee and he filled out a W-9 to give to us. What software would I purchase to record this transaction?

We didn't give the other realtor a 1099 misc.  Should we have?

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
IsabellaG
Expert Alumni

My husband paid another realtor a referral fee and he filled out a W-9 to give to us. What software would I purchase to record this transaction?

Yes, you should have given the other realtor a 1099-MISC for the referral fee if you paid him $600 or more (the due date to send to both the IRS and the payee was 01/31/2017). You would use TurboTax Self-Employed to report your income and expenses, and you can use TurboTax Quick Employer Forms for the 1099, which you can still send. You are subject to a penalty for late filing of  your 1099. See this link for a chart:  https://www.irs.gov/government-entities/federal-state-local-governments/increase-in-information-retu...

 

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

My husband paid another realtor a referral fee and he filled out a W-9 to give to us. What software would I purchase to record this transaction?

If you are filling out a schedule C for your realtor business income income it would go on schedule C line 11 for Contract Labor.  You need the Online Self Employed version to enter business expenses.  Or any version in the Desktop CD/Download program will work.  You just get the most help in the Home & Business version.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question