Updated almost 16 years ago on . Most recent reply
TAXES AND WHOLESALING
Im still in the beginning stages of setting up my planning. I have asked this question and havent gotten a answer. When wholesaling, when you go to closing, is the ssn or ein number required. Im setting up a trust and wanted to know if a 1099 is given to you at closing, or do you handle taxes yourself as a complete different issue.
Most Popular Reply
Different title companies/agents deal with it differently.
I've had some title agents who require nothing from me and tell me I have to report it myself. Others do report it, but I don't think its a 1099, and its definitely not at closing. Calling the title agent/company that you will be dealing with is the best idea for that one.