I went to IRS website and it says: "if you are reporting a like-kind exchange of property for which no gross proceeds are reportable, enter -0- (zero) in box 2 and enter an “X” in the checkbox in box 4." In our case, escrow company that prepared 1099-S checked box 4 but entered FULL SALE PRICE in box 2! I'm terrified that we will have to pay taxes on that.
