I just received a 1099-S from the county last week. So it sounds like as per your advice I have to report it. If I'm not mistaken TurboTax does ask you if you've received a 1099-S. I'll follow your instructions re:dates, costs, sale price, etc. When I sell my house will I also have to use this info to determine the value of my property? I don't think I need a new survey because when it comes time to sell the house the buyer will do that, but do I need to tell the town about this so they can adjust their records and the property taxes or do you think the county will notify the town?
