In the listing, there's some information regarding the substitute form 1099 s. It is really worth taking a few minutes to read this before you start filling out your form.
Question | Answer |
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Form Name | Substitute Form 1099 S |
Form Length | 1 pages |
Fillable? | No |
Fillable fields | 0 |
Avg. time to fill out | 15 sec |
Other names | what is a substitute 1099 s form, what is a substitute form 1099 s, substitute form 1099s, substitute form 1099 s proceeds from real estate transactions |
Attention:
Copy A of this form is provided for informational purposes only. Copy A appears in red, similar to the official IRS form. The official printed version of Copy A of this IRS form is scannable, but the online version of it, printed from this website, is not. Do not print and file copy A downloaded from this website; a penalty may be imposed for filing with the IRS information return forms that can’t be scanned. See part O in the current General Instructions for Certain Information Returns, available at www.irs.gov/form1099, for more information about penalties.
Please note that Copy B and other copies of this form, which appear in black, may be downloaded and printed and used to satisfy the requirement to provide the information to the recipient.
To order official IRS information returns, which include a scannable Copy A for filing with the IRS and all other applicable copies of the form, visit www.IRS.gov/orderforms. Click on Employer and Information Returns, and we’ll mail you the forms you request and their instructions, as well as any publications you may order.
Information returns may also be filed electronically using the IRS Filing Information Returns Electronically (FIRE) system (visit www.IRS.gov/FIRE) or the IRS Affordable Care Act Information Returns (AIR) program (visit www.IRS.gov/AIR).
See IRS Publications 1141, 1167, and 1179 for more information about printing these tax forms.
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FILER’S name, street address, city or town, state or province, country, |
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Date of closing |
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OMB No. |
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ZIP or foreign postal code, and telephone number |
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Proceeds From Real |
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Gross proceeds |
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(Rev. January 2022) |
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Estate Transactions |
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For calendar year |
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20 |
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FILER’S TIN |
TRANSFEROR’S TIN |
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Address (including city, state, and ZIP code) or legal description |
Copy A |
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For |
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Internal Revenue |
TRANSFEROR’S name |
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Service Center |
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File with Form 1096. |
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Check here if the transferor received or will receive |
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For Privacy Act |
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property or services as part of the consideration |
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Street address (including apt. no.) |
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and Paperwork |
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Check here if the transferor is a foreign person |
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Reduction Act |
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City or town, state or province, country, and ZIP or foreign postal code |
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(nonresident alien, foreign partnership, foreign estate, |
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Notice, see the |
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or foreign trust) . . . . |
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current General |
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Instructions for |
Account number (see instructions) |
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Buyer’s part of real estate tax |
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Certain Information |
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Returns. |
Form |
Cat. No. 64292E |
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www.irs.gov/Form1099S |
Department of the Treasury - Internal Revenue Service |
Do Not Cut or Separate Forms on This Page — Do Not Cut or Separate Forms on This Page
CORRECTED (if checked)
FILER’S name, street address, city or town, state or province, country, |
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Date of closing |
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OMB No. |
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ZIP or foreign postal code, and telephone number |
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Form |
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Proceeds From Real |
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Gross proceeds |
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(Rev. January 2022) |
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Estate Transactions |
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For calendar year |
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$ |
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FILER’S TIN |
TRANSFEROR’S TIN |
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Address (including city, state, and ZIP code) or legal description |
Copy B |
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For Transferor |
TRANSFEROR’S name |
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This is important tax |
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information and is being |
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furnished to the IRS. If |
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Transferor received or will receive property or services |
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you are required to file a |
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Street address (including apt. no.) |
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as part of the consideration (if checked) . . . |
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return, a negligence |
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penalty or other |
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If checked, transferor is a foreign person (nonresident |
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sanction may be |
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City or town, state or province, country, and ZIP or foreign postal code |
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alien, foreign partnership, foreign estate, or foreign |
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imposed on you if this |
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trust) |
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item is required to be |
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reported and the IRS |
Account number (see instructions) |
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Buyer’s part of real estate tax |
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determines that it has |
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not been reported. |
Form |
(keep for your records) |
www.irs.gov/Form1099S |
Department of the Treasury - Internal Revenue Service |
Instructions for Transferor
For sales or exchanges of certain real estate, the person responsible for closing a real estate transaction must report the real estate proceeds to the IRS and must furnish this statement to you. To determine if you have to report the sale or exchange of your main home on your tax return, see the Instructions for Schedule D (Form 1040). If the real estate was not your main home, report the transaction on Form 4797, Form 6252, and/or the Schedule D for the appropriate income tax form. If box 4 is checked and you received or will receive
Federal mortgage subsidy. You may have to recapture (pay back) all or part of a federal mortgage subsidy if all the following apply.
•You received a loan provided from the proceeds of a qualified mortgage bond or you received a mortgage credit certificate.
•Your original mortgage loan was provided after 1990.
•You sold or disposed of your home at a gain during the first 9 years after you received the federal mortgage subsidy.
•Your income for the year you sold or disposed of your home was over a specified amount.
This will increase your tax. See Form 8828 and Pub. 523.
Transferor’s taxpayer identification number (TIN). For your protection, this form may show only the last four digits of your TIN (social security number (SSN), individual taxpayer identification number (ITIN), adoption taxpayer identification number (ATIN), or employer identification number (EIN)). However, the issuer has reported your complete TIN to the IRS.
Account number. May show an account or other unique number the filer assigned to distinguish your account.
Box 1. Shows the date of closing.
Box 2. Shows the gross proceeds from a real estate transaction, generally the sales price. Gross proceeds include cash and notes payable to you, notes assumed by the transferee (buyer), and any notes paid off at settlement. Box 2 does not include the value of other property or services you received or will receive. See Box 4.
Box 3. Shows the address or legal description of the property transferred.
Box 4. If checked, shows that you received or will receive services or property (other than cash or notes) as part of the consideration for the property transferred. The value of any services or property (other than cash or notes) is not included in box 2.
Box 5. If checked, shows that you are a foreign person (nonresident alien, foreign partnership, foreign estate, or foreign trust).
Box 6. Shows certain real estate tax on a residence charged to the buyer at settlement. If you have already paid the real estate tax for the period that includes the sale date, subtract the amount in box 6 from the amount already paid to determine your deductible real estate tax. But if you have already deducted the real estate tax in a prior year, generally report this amount as income on the “Other income” line of Schedule 1 (Form 1040). For more information, see Pub. 523, Pub. 525, and Pub. 530.
Future developments. For the latest developments related to Form
Free File Program. Go to www.irs.gov/FreeFile to see if you qualify for
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VOID |
CORRECTED |
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|||
FILER’S name, street address, city or town, state or province, country, |
1 |
Date of closing |
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OMB No. |
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ZIP or foreign postal code, and telephone number |
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Form |
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Proceeds From Real |
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2 |
Gross proceeds |
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(Rev. January 2022) |
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Estate Transactions |
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For calendar year |
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$ |
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20 |
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FILER’S TIN |
TRANSFEROR’S TIN |
3 |
Address (including city, state, and ZIP code) or legal description |
Copy C |
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For Filer |
TRANSFEROR’S name |
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Street address (including apt. no.) |
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4 |
Check here if the transferor received or will receive |
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For Privacy Act |
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property or services as part of the consideration |
▶ |
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and Paperwork |
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Reduction Act |
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5 |
Check here if the transferor is a foreign person |
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Notice, see the |
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City or town, state or province, country, and ZIP or foreign postal code |
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(nonresident alien, foreign partnership, foreign estate, |
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or foreign trust) . . . . |
. . . . . ▶ |
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current General |
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Instructions for |
Account number (see instructions) |
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6 |
Buyer’s part of real estate tax |
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Certain Information |
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$ |
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Returns. |
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Form |
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www.irs.gov/Form1099S |
Department of the Treasury - Internal Revenue Service |
Instructions for Filer
To complete Form
•The current General Instructions for Certain Information Returns, and
•The current Instructions for Form
To order these instructions and additional forms, go to www.irs.gov/EmployerForms.
Caution: Because paper forms are scanned during processing, you cannot file certain Forms 1096, 1097, 1098, 1099, 3921, or 5498 that you print from the IRS website.
Filing and furnishing. For filing and furnishing instructions, including due dates, and requesting filing or furnishing extensions, see the current General Instructions for Certain Information Returns.
Foreign transferors. Sales or exchanges involving foreign transferors are reportable on Form
Need help? If you have questions about reporting on Form