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aprilkdryer
April 2, 2025
Question

I contributed part of my commission as a real estate agent to my clients closing cost. How can I deduct that from my income reported on my 1099

  • April 2, 2025
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    Vanessa A
    April 2, 2025

    You can enter the amount you gave back to the client for closing costs as Other Expenses.  You will be able to enter the description and the amount. 

     

    This will be found under Common Business Expenses>>Miscellaneous Business Expenses. 

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