
<html><head><meta http-equiv="content-type" content="text/html; charset=utf-8"></head><body dir="auto"><div>Jennifer:</div><div id="AppleMailSignature"><br></div><div id="AppleMailSignature">The buyer does not recognize income. It reduces the buyer's basis in the new home. </div><div id="AppleMailSignature"><br></div><div id="AppleMailSignature"><a href="http://timelineres.blogspot.com/2011/04/while-rebates-from-real-estate-agents.html">http://timelineres.blogspot.com/2011/04/while-rebates-from-real-estate-agents.html</a></div><div id="AppleMailSignature"><br></div><div id="AppleMailSignature">John Sullivan<br><br>Sent from my iPad</div><div><br>On Jun 6, 2016, at 9:22 PM, Jennifer Sohn <<a href="mailto:jennifer@sohn-law.com">jennifer@sohn-law.com</a>> wrote:<br><br></div><blockquote type="cite"><div><span>Hi, when a buyer's real estate broker gives a portion of his commission to his client (buyer) after closing as a rebate, my understanding is that he can deduct the rebate as a business expense just like any appliance manufacturer's rebate. How is it treated (for tax purposes) for the buyer who is receiving the rebate?</span><br><span></span><br><span>Thanks,</span><br><span></span><br><span>Jennifer Sohn</span><br><span>206-617-7874</span><br><span></span><br><span>_______________________________________________</span><br><span>WSBAPT mailing list</span><br><span><a href="mailto:WSBAPT@lists.wsbarppt.com">WSBAPT@lists.wsbarppt.com</a></span><br><span><a href="http://mailman.fsr.com/mailman/listinfo/wsbapt">http://mailman.fsr.com/mailman/listinfo/wsbapt</a></span><br></div></blockquote></body></html>