Substitute Form 1099 S PDF Details

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QuestionAnswer
Form NameSubstitute Form 1099 S
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other nameswhat 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

Form Preview Example

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.

7575

VOID

CORRECTED

 

 

 

 

 

 

FILER’S name, street address, city or town, state or province, country,

1

Date of closing

 

OMB No. 1545-0997

 

 

 

ZIP or foreign postal code, and telephone number

 

 

 

 

Form 1099-S

 

 

 

 

 

 

 

 

 

 

Proceeds From Real

 

 

 

 

 

 

 

 

 

 

 

 

 

2

Gross proceeds

 

(Rev. January 2022)

 

Estate Transactions

 

 

 

 

 

 

For calendar year

 

 

 

 

 

 

$

 

 

20

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FILER’S TIN

TRANSFEROR’S TIN

 

3

Address (including city, state, and ZIP code) or legal description

Copy A

 

 

 

 

 

 

 

 

 

 

 

For

 

 

 

 

 

 

 

 

 

 

 

Internal Revenue

TRANSFEROR’S name

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service Center

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

File with Form 1096.

 

 

 

4

Check here if the transferor received or will receive

 

 

 

 

 

For Privacy Act

 

 

 

 

property or services as part of the consideration

 

Street address (including apt. no.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

and Paperwork

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5

Check here if the transferor is a foreign person

 

Reduction Act

City or town, state or province, country, and ZIP or foreign postal code

 

(nonresident alien, foreign partnership, foreign estate,

 

Notice, see the

 

 

 

 

or foreign trust) . . . .

. . . . .

 

current General

 

 

 

 

 

 

 

 

 

 

 

Instructions for

Account number (see instructions)

 

 

6

Buyer’s part of real estate tax

 

 

 

 

 

Certain Information

 

 

 

$

 

 

 

 

 

 

 

Returns.

Form 1099-S (Rev. 1-2022)

Cat. No. 64292E

 

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,

1

Date of closing

 

OMB No. 1545-0997

 

 

 

ZIP or foreign postal code, and telephone number

 

 

 

Form 1099-S

 

 

 

 

 

 

 

 

 

Proceeds From Real

 

 

 

 

 

 

 

 

 

 

 

2

Gross proceeds

 

(Rev. January 2022)

 

Estate Transactions

 

 

 

 

 

For calendar year

 

 

 

 

 

$

 

 

20

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FILER’S TIN

TRANSFEROR’S TIN

3

Address (including city, state, and ZIP code) or legal description

Copy B

 

 

 

 

 

 

 

 

 

 

For Transferor

TRANSFEROR’S name

 

 

 

 

 

 

 

 

 

This is important tax

 

 

 

 

 

 

 

 

 

 

information and is being

 

 

 

 

 

 

 

 

 

 

furnished to the IRS. If

 

 

4

Transferor received or will receive property or services

 

 

you are required to file a

Street address (including apt. no.)

 

 

as part of the consideration (if checked) . . .

 

 

 

 

return, a negligence

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

penalty or other

 

 

5

If checked, transferor is a foreign person (nonresident

 

 

sanction may be

City or town, state or province, country, and ZIP or foreign postal code

 

alien, foreign partnership, foreign estate, or foreign

 

imposed on you if this

 

trust)

. . . . .

 

 

 

item is required to be

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

reported and the IRS

Account number (see instructions)

 

6

Buyer’s part of real estate tax

 

 

 

 

 

 

 

 

 

 

 

determines that it has

 

 

$

 

 

 

 

 

 

 

not been reported.

Form 1099-S (Rev. 1-2022)

(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 like-kind property, you must file Form 8824.

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

1099-S and its instructions, such as legislation enacted after they were published, go to www.irs.gov/Form1099S.

Free File Program. Go to www.irs.gov/FreeFile to see if you qualify for no-cost online federal tax preparation, e-filing, and direct deposit or payment options.

 

VOID

CORRECTED

 

 

 

 

 

 

FILER’S name, street address, city or town, state or province, country,

1

Date of closing

 

OMB No. 1545-0997

 

 

 

ZIP or foreign postal code, and telephone number

 

 

 

 

Form 1099-S

 

 

 

 

 

 

 

 

 

 

Proceeds From Real

 

 

 

 

 

 

 

 

 

 

 

 

 

2

Gross proceeds

 

(Rev. January 2022)

 

Estate Transactions

 

 

 

 

 

 

For calendar year

 

 

 

 

 

 

$

 

 

20

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FILER’S TIN

TRANSFEROR’S TIN

3

Address (including city, state, and ZIP code) or legal description

Copy C

 

 

 

 

 

 

 

 

 

 

 

For Filer

TRANSFEROR’S name

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Street address (including apt. no.)

 

 

4

Check here if the transferor received or will receive

 

For Privacy Act

 

 

 

property or services as part of the consideration

 

and Paperwork

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reduction Act

 

 

 

5

Check here if the transferor is a foreign person

 

 

 

 

 

Notice, see the

City or town, state or province, country, and ZIP or foreign postal code

 

(nonresident alien, foreign partnership, foreign estate,

 

 

or foreign trust) . . . .

. . . . .

 

current General

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Instructions for

Account number (see instructions)

 

 

6

Buyer’s part of real estate tax

 

 

 

 

 

Certain Information

 

 

 

$

 

 

 

 

 

 

 

Returns.

 

 

 

 

 

 

 

 

 

 

 

Form 1099-S (Rev. 1-2022)

 

www.irs.gov/Form1099S

Department of the Treasury - Internal Revenue Service

Instructions for Filer

To complete Form 1099-S, use:

The current General Instructions for Certain Information Returns, and

The current Instructions for Form 1099-S.

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 1099-S. For information on the transferee’s responsibility to withhold income tax when a U.S. real property interest is acquired from a foreign person, see Pub. 515.

Need help? If you have questions about reporting on Form 1099-S, call the information reporting customer service site toll free at 866-455-7438 or 304-263-8700 (not toll free). Persons with a hearing or speech disability with access to TTY/TDD equipment can call 304-579-4827 (not toll free).

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