Do You Get a 1099 as a Real Estate Agent?
I have a question regarding 1099 reporting. I am a Real Estate Broker and I have agent that I sponsor. They are paid I have a question regarding 1099 reporting. I am a Real i own a title agency handling real estate closings. at closing, we issue the broker a check and sometimes a separate check for the agent. Does the title … read more
When does a title company issue a 1099 MISC?
The broker would issue a 1099-MISC to an agent if the broker was paid the total commission, and then the broker paid the agent from that total that he received. If the title company pays the agent directly, the broker never receives any money to disburse to the agent.
Do you need a 1099 for a real estate closing?
During a real-estate closing, if a property is sold that was held in a corporation or LLC that I owned, would the closing agent need to prepare a 1099 for me to sign. I believe in that Master Taxation … read more
