Question & Answers

Is commission rebate from the buyer's Realtor to the buyer a taxable income? Transaction was done outside of the escrow and 1099-Misc (Box 7) was issued to the buyer following January. 1) is this taxable income for the buyer and 2) if so, is he responsible for SE taxes as well?

File Your Taxes Online
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Jun 18, 2012 by File Your Taxes Online
Category: Tax Planning

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KR Hoffman & Co
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KR Hoffman & Co
Jun 23, 2012  
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