- posted 11 years ago
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?
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