Sale of Home

[grossie]

When all other requirements are met,  must you report the sale of a personal residence even though a

Form 1099-S is not received?

[Just-Lisa-Now-]

If youve got the information, may as well report it.

[sjrcpa]

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.

[grossie]

Thank you.

[clr600]

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]

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.