Is the refund from a buyer's agent taxed?

According to the IRS, Form 1099-MISC is not required. A commission (aka cash) refund is technically a price modification and hence not taxable income for the buyer. This is the ideal method to tackle the problem when the buyer subtracts the sum of the rebate from the base price of the house. However, because conditions are seldom general, you should double-check with your accountant.

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