Purchased home October 2013, we then sold that home July 2015. At the closing we were told that since we didn't live in home 2 years, to save tax form they had us sign, a 1099-S.
On form there is the closing date and Gross Proceeds listed, box 4 and 5 are blank...property/services received and buyer's part of real estate tax.
My questions are:
-Is this an official document I use while doing my taxes, and if so, what information is needed and at what point in TurboTax Deluxe do I enter the information (I was told the CD version could handle this)
-WIll I be getting an "official" 1099-s form from the title company that handled the closing with additional informaiton on it for tax filing purposes?
Thank You, this is the first time I have dealt with this type of form.
