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There isn't a sales price value listed on the 1099-S form; only a Gross proceeds value. Is that what you mean? 

 

If I enter the values
Proceeds = $26,460 (which is the Gross proceeds value indicated on the 1099-S form) and 
Fair market value = $126,000 (which was the home's comparative market analysis value), 
won't that raise a red flag that the proceeds are significantly less than the fair market value?