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Originally received an incorrect 1099-S showing a Gross Proceeds for $55K. Just got a Corrected 1099-S with Gross Proceeds for $0, What to do next?
Hello,
The Title company that originally sent an incorrect 1099-S for $55,000 for a fraudulent sale of a vacant lot I own finally submitted a Corrected 1099-S showing $0 for Gross proceeds (Box 2) to the IRS.
Just checked my 2023 IRS Wage and Income Data sheet and it shows both the original 1099-S with $55,000 for Gross Proceeds and the Corrected 1099-S with $0 for Gross proceeds.
I think I'm good to go!
I can finally complete my 2023 Tax forms...
Though I'm not quite sure if I should include both 1099-S forms in my 1040 form or just the Corrected 1099-S since the second 1099-S (corrected one) is practically overriding the original 1099-S for $55,000, right?
I could use some help.
Thanks
‎April 15, 2025
9:12 AM