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February 4, 2022
Question

Do I count realtor credit

  • February 4, 2022
  • 1 reply
  • 0 views
I got realtor credit when I bought rental property in 2021. I didn't see anywhere to put that. Does it need to be included in calculation for the expenses?

1 reply

Hal_Al
Employee
February 4, 2022

 The realtor credit is just a reduction in the price you paid for the property. It is not income to you.

 

So, yes, it needs to be included in calculation for the expenses?  Whereas the expenses you paid at closing are added to your cost basis, the relator credit is subtracted.