Intrepid_Chef
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Di_Can_Cook said:Your PC one? Mine isn't even online!
I did get a 1099 for money in my 401K, however! They told me it was just a rollover and not to worry about it ....
Di_Can_Cook said:Your PC one? Mine isn't even online!
I did get a 1099 for money in my 401K, however! They told me it was just a rollover and not to worry about it ....
A 1099S form is a tax form used to report the sale or exchange of real estate property. It is issued by the person or entity responsible for closing the transaction, usually a title company or real estate agent.
If you are the seller of a real estate property, you are required to file a 1099S form if the property was sold for more than $600. If you are the buyer, you do not need to file a 1099S.
The deadline to file a 1099S form is January 31st of the year following the sale of the property. If this date falls on a weekend or holiday, the deadline is the next business day.
A 1099S form includes information such as the seller's name, address, and tax identification number, as well as the property address, sale price, and date of sale.
No, a 1099S form is specifically for reporting the sale of real estate property. A 1099-MISC form is used to report other types of income, such as freelance work or rental income.