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So I talked to my accountant and even gave her the IRS ruling and she didn't believe me about the rebate adjustment on Schedule C. She said I didn't hear it from the IRS so it isn't true. She said I was griping about a few more dollars in tax!  >:(

Thank you for all the great info. I was just curious, in the end if the rebate affects the cost basis for the property, how is that factored in? Does the owner have to remember the rebate when they're selling the property?

My accountant says Schedule C Line 2 is for sales of goods only, not commission. I looked and it refers to customer rebates but doesn't specify goods. I'm not wrong to correct her then? I spent an hour on the phone with the IRS and they told me to hire another CPA as well. However they said...

Hi, I acted as a buyer's agent for relatives when they purchased a house and I rebated them the commission outside escrow. How do I indicate this on my schedule C so I do not have to send my relatives a 1099? I know IRS rules that rebates are not considered commission but my CPA told me she...