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Get your taxes done using TurboTax
@kathomsen wrote:
I did receive a 1099-S, but it only lists the sale price. My net was less than $250K. So I shouldn't even have to list the sale?
Since you did receive a Form 1099-S for the sale it has to be reported to the IRS even though there will be no capital gains taxes owed. The IRS also has a copy of the 1099-S so it is looking for the sale to be reported.
‎April 12, 2023
7:59 AM
1,111 Views