My retired customer had been a realtor for a time after retiring from his teaching career. He hasn't been active as a realtor
for a number of years, but he remained licensed and although not part of the sale, he'd receive a "referral fee" from a selling realtor.
In past years he would receive several thousand dollars in such referral fees and I'd put them on a "C".
In 2024 he received only $1-K in a referral fee, but he was still licensed at that time. (He's no longer licensed)
I'm wondering if a "C" is an appropriate place for reporting this income.
Thanks for comments.
for a number of years, but he remained licensed and although not part of the sale, he'd receive a "referral fee" from a selling realtor.
In past years he would receive several thousand dollars in such referral fees and I'd put them on a "C".
In 2024 he received only $1-K in a referral fee, but he was still licensed at that time. (He's no longer licensed)
I'm wondering if a "C" is an appropriate place for reporting this income.
Thanks for comments.
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