documenting a commission rebate
Started by anonymous
over 10 years ago
Discussion about
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I am thinking of purchasing an apartment through a broker who gives a portion of his commission back as a rebate. He tells me that it would be seen as a reduction in purchase price, not as income, for tax purposes. How is this reflected in paper work? Does it need to be shown in the closing paperwork? On the HUD-1? In the actual contract of sale? Or can it just be in a separate side agreement with me and the broker? Thanks!