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Learn More About 1099-S

What is a 1099-S?

Form 1099-S is used to report gross proceeds from the sale or exchange of real estate and certain royalty payments. A 1099-S form must be provided to the recipient and a copy mailed or e-filed to the IRS.

Why do I file 1099-S?

The IRS requires that all income is reported by businesses and individuals or penalties could apply.

Who needs to file 1099-S?

Organizations involved in the sale or exchange of real estate and certain royalty payments must use Form 1099-S. See the official IRS instructions.

When do I file 1099-S?

1099-S forms are required to be mailed to the recipient by February 15, 2018 and e-filed with the IRS by April 2, 2018.

1099-S Reporting Information

What to report Amount to report
Gross proceeds from the sale or exchange of real estate. Generally $600 or more
Certain royalty payments. Generally $600 or more