Form 1099-S Proceeds for Real Estate Transactions

Attention:
This form is provided for informational purposes only. Copy A appears in red, similar to the
official IRS form. Do not file copy A downloaded from this website. The official printed
version of this IRS form is scannable, but the online version of it, printed from this website,
is not. A penalty may be imposed for filing forms that can’t be scanned. See part O in the
current General Instructions for Certain Information Returns for more information about
penalties.
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See IRS Publications 1141, 1167, 1179 and other IRS resources for information about
printing these tax forms.

7575

VOID

CORRECTED

FILER'S name, street address, city or town, province or state, country, ZIP
or foreign postal code, and telephone number.

1 Date of closing

OMB No. 1545-0997

2 Gross proceeds

$
FILER'S federal identification number TRANSFEROR'S identification number

2013

Proceeds From Real
Estate Transactions

Form 1099-S

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

Copy A

For
Internal Revenue
Service Center

TRANSFEROR'S name

Street address (including apt. no.)
City or town, province or state, country, and ZIP or foreign postal code

4 Check here if the transferor received or will receive
property or services as part of the consideration ▶

Account or escrow number (see instructions)

5 Buyer's part of real estate tax

$

File with Form 1096.
For Privacy Act
and Paperwork
Reduction Act
Notice, see the
2013 General
Instructions for
Certain
Information
Returns.

1099-S
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

Form

CORRECTED (if checked)
FILER'S name, street address, city or town, province or state, country, ZIP
or foreign postal code, and telephone number

1 Date of closing

OMB No. 1545-0997

2 Gross proceeds

$
FILER'S federal identification number TRANSFEROR'S identification number

2013

Proceeds From Real
Estate Transactions

Form 1099-S

Copy B

3 Address or legal description

For Transferor

TRANSFEROR'S name

Street address (including apt. no.)
City or town, province or state, country, and ZIP or foreign postal code

4 Transferor received or will receive property or services
as part of the consideration (if checked)
. . ▶

Account or escrow number (see instructions)

5 Buyer's part of real estate tax

$
Form

1099-S

(keep for your records)

www.irs.gov/form1099s

This is important tax
information and is being
furnished to the Internal
Revenue Service. If you
are required to file a
return, a negligence
penalty or other
sanction may be
imposed on you if this
item is required to be
reported and the IRS
determines that it has
not been reported.

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 Internal
Revenue Service 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.
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 marked, 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. 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 5 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 the appropriate income tax form. For more
information, see Pub. 523, Pub. 525, and Pub. 530.
Future developments. For the latest information about developments related to
Form 1099-S and its instructions, such as legislation enacted after the form and
instructions were published, go to www.irs.gov/form1099s.

VOID

CORRECTED

FILER'S name, street address, city or town, province or state, country, ZIP
or foreign postal code, and telephone number

1 Date of closing

OMB No. 1545-0997

2 Gross proceeds

$
FILER'S federal identification number TRANSFEROR'S identification number

2013

Proceeds From Real
Estate Transactions

Form 1099-S

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

Copy C
For Filer

TRANSFEROR'S name

Street address (including apt. no.)
City or town, province or state, country, and ZIP or foreign postal code

4 Check here if the transferor received or will receive
property or services as part of the consideration ▶

Account or escrow number (see instructions)

5 Buyer's part of real estate tax

$
Form

1099-S

www.irs.gov/form1099s

For Privacy Act
and Paperwork
Reduction Act
Notice, see the
2013 General
Instructions for
Certain
Information
Returns.

Department of the Treasury - Internal Revenue Service

Instructions for Filer
General and specific form instructions are provided
separately. You should use the 2013 General
Instructions for Certain Information Returns and the
2013 Instructions for Form 1099-S to complete Form
1099-S. A chart in the general instructions gives a quick
guide to which form must be filed to report a particular
payment. To order these instructions and additional
forms, go to www.irs.gov/form1099s or call
1-800-TAX-FORM (1-800-829-3676).
Caution: Because paper forms are scanned during
processing, you cannot file Forms 1096, 1097, 1098,
1099, 3921, 3922, or 5498 that you print from the IRS
website.
Due dates. Furnish Copy B of this form to the transferor
by February 18, 2014.

File Copy A of this form with the IRS by
February 28, 2014. If you file electronically, the due date
is March 31, 2014. To file electronically, you must have
software that generates a file according to the
specifications in Pub. 1220, Specifications for Filing
Forms 1097, 1098, 1099, 3921, 3922, 5498, 8935, and
W-2G Electronically. The IRS does not provide a fill-in
form option.
Need help? If you have questions about reporting on
Form 1099-S, call the information reporting customer
service site toll free at 1-866-455-7438 or 304-263-8700
(not toll free). Persons with a hearing or speech
disability with access to TTY/TDD equipment can call
304-574-4827 (not toll free). The hours of operation are
Monday through Friday from 8:30 a.m. to 4:30 p.m.,
Eastern time.