Showing results for 
Search instead for 
Did you mean: 
New Member

Commission on Purchase of Realtor's Own Home Taxable?

Client's wife received 1099-MISC for realtor's commission she received for the purchase of their own home. That was her only commission received in 2018.  I am inclined to show the income on Schedule C and back it out, reducing the basis of the house purchased.  Has anyone seen this?  Any support for this approach, or evidence showing that won't work?  Thanks.

Labels (1)
0 Kudos