Get 1099 S Input Form

The 1099 S Input Form is essential for reporting real estate transactions. This guide will help you navigate and fill out the form online accurately and efficiently.

Follow the steps to complete the 1099 S Input Form online.

1. Press the ‘Get Form’ button to access and open the 1099 S Input Form in your chosen online editor.
2. In the first section, enter the filer's name, street address, city, state, ZIP code, and telephone number. Ensure that all information is accurate and up-to-date.
3. Input the date of closing in Box 1. This date refers to when the real estate transaction was finalized.
4. For Box 2, enter the gross proceeds from the real estate transaction. This figure typically includes the total sales price and may involve cash, notes payable, and any other financial arrangements made at closing.
5. Provide the filer's federal identification number and the transferor's identification number in the designated fields to ensure proper reporting.
6. In Box 3, include the address or legal description of the property that was transferred. Make sure to provide complete details, including all necessary identifiers.
7. If applicable, check Box 4 to indicate that the transferor received or will receive any property or services as part of the consideration in this transaction.
8. Fill in Box 5 with the buyer’s portion of real estate tax, if applicable, ensuring you keep a record of this for tax deductions.
9. After completing the form, review all entries for accuracy. Once finalized, you can save changes, download, print, or share the form as required.

Complete your 1099 S Input Form online today and ensure your real estate transactions are reported correctly.