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Finance → Taxes → Federal taxes
ANSWERS: 1
  • Official Know-It-All
    A form 1099-S is used to document the amount you received from a real estate sale for income tax purposes. The form 1099-S form documents the date of sale, sale price, location, whether the seller received anything besides cash for the property and the amount of the real estate tax for which the buyer is responsible.

    Source:

    IRS: Instructions for Form 1099-S

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