Tax Year Prior to 2020: Intent to earn money 1099 MISC for own home purchase

[calfrank]

Hi,

I'm a real estate agent who recently purchased a new home for myself.  I wanted to contribute all my commission proceeds as a rebate to my (buyer).   Unfortunately, the lender said i could contribute only some amount and not all.  I got a 1099-MISC from my broker for the amount that i had left that I couldn't contribute.  Is this considered "intent to earn money"?

Thanks for your help in advance.

[KarenL]

Yes, in your situation it would be.   It should be included on your Schedule C since it is income doing an activity from your profession.