When I sold my home, my attorney requested that I complete and sign a "1099-S INPUT" form that includes the property information, the contract sales price and the seller information, including my SSN. The contract sales price before commissions and closing fees was $165,000. I lived in this home for 30 years and paid $60,000.
Will I get a 1099-S ? If so, who prepares it and sends it to me? I understand that If the 1099-S isn't prepared, I don't have to report the sale. In any case, I won't have any tax liability as the capital gain is not more than $250,000.
