Jbucaille
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Was the rebate disclosed to all parties in a form of an addendum, and did that rebate appear in the closing statement? If so there is no tax that the agent pays...
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I’m a RE Broker,to be considered “commission rebate“ and not be taxable, that commission rebate must have been disclosed through an addendum (Signed by everyone...
Activity Feed for Jbucaille
- Got Cheered for Re: Is a commission rebate taxable to buyer's agent? My buyer agent said she has to pay taxes on 1% of commission she will credit me at closing because it's her income.. October 9, 2020 5:29 AM
- Posted Re: Is a commission rebate taxable to buyer's agent? My buyer agent said she has to pay taxes on 1% of commission she will credit me at closing because it's her income. on Get your taxes done using TurboTax. October 9, 2020 3:53 AM
- Posted Re: I received a 1099-MISC from my real estate agent for a commission rebate. Is this considered taxable income for me? on Get your taxes done using TurboTax. October 9, 2020 3:46 AM