Get Form 1099-s 2015 Proceeds From Real Estate Transactions Copy B ...

Filling out Form 1099-S is essential for reporting proceeds from real estate transactions to the Internal Revenue Service. This guide provides a step-by-step approach to ensure you accurately complete this form online.

Follow the steps to successfully fill out the form.

1. Click 'Get Form' button to obtain the form and open it in the editor.
2. Begin by entering the date of closing in the designated field at the top of the form.
3. In the sections labeled 'Filer’s name' and 'Filer’s address,' provide the name and address of the person or organization responsible for filing the form.
4. Next, enter the 'Filer's federal identification number' and ensure it is accurate.
5. Complete the 'Gross proceeds' section by entering the total amount of proceeds received from the transaction.
6. In the 'Address or legal description' field, provide the legal description of the property that was sold or transferred.
7. Enter the 'Transferor's name' and 'Transferor's address' in the respective fields to identify the seller.
8. If applicable, check the box indicating whether the transferor received or will receive property or services as part of the consideration.
9. Input the buyer's part of the real estate tax, if relevant, along with the account or escrow number needed for processing.
10. Review all entered information for accuracy before saving.
11. Finally, save your changes, and then download, print, or share the completed form as necessary.

Complete your Form 1099-S online today to ensure compliance and accurate reporting.