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- Commission on Purchase of Realtor's Own Home Taxable?
Commission on Purchase of Realtor's Own Home Taxable?
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WHISTLINGJIM
Level 1
08-08-2019
06:11 PM
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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.
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