I recently bought a house. My agent gave me $2,000 as a rebate. My agent
said she wants to send me a 1099. If I get a 1099 do I have to pay taxes? I
thought that this is like a credit where I do not pay taxes. My friend
said that it is a credit but but I need to lower the price of the house by
this amount for capital gain purposes but he was not sure how to handle the
1099 issue? Any idea how to handle this issue which 1099 do I get and how
do I report it?
- posted 11 years ago