grossie
Level 5
02-20-2020
05:00 PM
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When all other requirements are met, must you report the sale of a personal residence even though a
Form 1099-S is not received?
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Just-Lisa-Now-
Level 15
02-20-2020
05:03 PM
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If youve got the information, may as well report it.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
sjrcpa
Level 15
02-20-2020
05:07 PM
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No, but how do you know a 1099-S was not issued? I've been burned - having IRS send a nastygram about not reporting a sale that qualified for the 121 exclusion. I now report all sales even if excludable.
Ex-AllStar
grossie
Level 5
02-20-2020
05:18 PM
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Thank you.
clr600
Level 8
02-20-2020
07:40 PM
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More than likely the Hud 1 statement has wording to the effect in leu of a 1099 this information is being reported to the IRS
Mimbreno
Level 3
02-20-2020
09:00 PM
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I have frequently seen the 1099-S be included with the closing papers and the taxpayer does not recognize it as a needed tax document.