Generally accepted practice holds that a cash back rebate on a home purchase is a price discount, not income.
If the home is later sold, this discount may have an effect on capital gains tax.
However, since taxes vary based on individual circumstances and REALTORS® are not experts on taxes, buyers are advised
to consult with a tax professional regarding their specific cash back rebate.
Want to ask something else about cash back rebates? Text us a question at
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