if you already have a 1099, you need claim the income and pay the tax. that redfin case is not the same. in that case, agent only credit client credits at closing which is considered as price change not a rebate.
but with redfin, you can either put the rebate in your closing cost and get the remaining in a check, or have all the rebate in a check after closing. My situation is the same as the first one, and the only difference is that I got a 1099.....
that credits
【在 n*******9 的大作中提到】 : if you already have a 1099, you need claim the income and pay the tax. that : redfin case is not the same. in that case, agent only credit client credits : at closing which is considered as price change not a rebate. : : 1099
n*9
4 楼
that's not right if your agent only credit you at closing. is this a redfin agent?
get I
【在 t*****e 的大作中提到】 : but with redfin, you can either put the rebate in your closing cost and get : the remaining in a check, or have all the rebate in a check after closing. : My situation is the same as the first one, and the only difference is that I : got a 1099..... : : that : credits
t*e
5 楼
not redfin. If he is a redfin agent, I don't think he will mail me 1099.
redfin
【在 n*******9 的大作中提到】 : that's not right if your agent only credit you at closing. is this a redfin : agent? : : get : I
y*n
6 楼
It depends, different state has a different rule. If you got 1099, you need claim it in your tax return. I think you got it as a check. If you put this rebate into your closing cost, you should not get this 1099.