Receive credit or commission?

[Pablo Yepez]

I'm a real estate agent and bought a home. Can I request my commission to be given to me as a credit so I can avoid paying taxes?

[Dan Mackin]

You could technically negotiate a portion of that, yes. What you would need to do is figure out the maximum credit you would be allowed to use based on your lender and negotiate that amount. Have you already bought the home or are you UC?

[Marc Winter]

That's an interesting question. As you probably already know, all commissions will be shown on the HUD-1. If I were in that position, I'd keep things clean and take the commission--there will be lots of deductions from the purchase and closing costs anyway.

You may be bold on your deductions but NEVER cheat on your declaration of income.