Thank you for all these answers most helpful.
have another question I did get a Substitute Form 1099-S Proceeds from Real Estate Transactions
it says gross proceeds of $275,000. Do I put that down anywhere on from 8949?
Or in Box D where is says Proceeds of $275,000 from 1099-S I reduce the Commissions, Title Charges, & required repairs as you mentioned Which the total was $25,205
so, $275,000-$25,205=249,795. So I would put $249,795 in Box D.
My DOD appraisel(FMV) was $245,000 that would go in Box E.
My gain would be $4,795 would go in Box H. ?
One last item in Part 2 of form 8949 it shows to check of Box D, E, F. It talks about a 1099-B which I didn’t receive I did receive a 1099-S. The 1099-S doesn’t show the Basis just the actual proceeds. Not sure if 1099-B & 1099-S are the same when reporting to the IRS. If so, I think I would check off Box E because Basis wasn’t reported?
Thank you.
