Box 4 checked isn't checked
Box 2 should report the selling price: I am not sure as that's why I was confused, do you think I should call the escrow as they are the one who issue 1099-s doc and see why it wasn't 615k
I didn't do any 1031 exchange. It is my first property that I bought and had to sell because of a divorce.
Did the Title company subtract an outstanding loan: I had like 350k loans on the house when I want to sell and they pay the bank before sending whats left from the sale besides my equity
What did you pay for the house and what is your filing status? I paid 450k plus closing cost 10k. My filing is single.
If you meet the requirements for Section 121 Exclusion, you needn't enter the 1099-s.
250,000 or 500,000 Joint.
I read that if I was issued 1099s I must file the doc, profit are under 250k and had the house for 2 years
