When Is a 1099 Required for a Finder's Fee? | Sapling
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When Is a 1099 Required for a Finder's Fee? | Sapling
If you are in the business of offering referrals, you may be wondering, are referral fees taxable income? The truth is yes, if you earn more than $600, you should receive a 1099 for the money received. You'll need to report the finder's fee income on your tax return and pay any taxes due.
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I call homeowners seeing if they want to sell. I negotiate a discount, send a contract and then I never buy the house. I re-sell the contract to hedge funds who pay me a $10,000 finder's fee. You can be any age, live anywhere and you don't need a license. You just need to be hungry and want to make a lot of fkn money. This is called wholesaling real estate. If that's you, comment the word START and i'll show you how to get started. | Maximilian Dier
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