- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Hello - just wanted to respond to this. I contacted the mortgage company and they sent me a "Substitute Form 1099-S", which shows proceeds for the real estate transaction, the gross proceeds of $315k, but no mention of them filing anything, and no mention of the $155k i paid for the house. So would I have to fill it on my taxes?
Also, where would I fill out the taxes paid (as part of the closing process). The same place as i put the 1098 form data in? I'm concerned that because the 1098 the mortgage company filed will not match what i fill in, that it will trigger an audit. It's legitimate, but the 1098 doesn't capture the taxes paid - only the closing statement does
‎January 23, 2022
9:11 AM