How Do You Fill Out IRS Form 1099-S?
IRS Form 1099-S, entitled “Proceeds From Real Estate Transactions,” is sent to persons who have sold or exchanged most kinds of real estate; the closing attorney or other authorized official must send Form 1099-S to the person who received the proceeds from the transaction. The person receiving this form doesn’t need to fill it out. Call (800) TAX-FORM or visit the IRS online form ordering website to obtain acceptable copies of Form 1099-S to send to recipients. Although Form 1099-S is available for viewing online, the e-version of the form is unacceptable to send to taxpayers or the Internal Revenue Service. Check the “Void” or “Corrected” box at the top of the 1099 form if applicable. Enter the Filer’s name, street address, city, state, ZIP code and telephone number in the first box. Enter the Filer’s Federal identification number and the Transferor’s identification number (usually a Social Security number or an EIN) in the two boxes beneath the first box. Below this, list the Transf
