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Deductions & credits
No, it is not unusual if you do not receive a Form 1099-S on the sale of your home. Generally, if you indicated to the company closing the sale that you are selling your main home and the sale price is below the capital gains maximum exclusion a Form 1099-S will not be issued. You may exclude up to $250,000 of that gain from your income as a single filer, or up to $500,000 of that gain if you file a joint return with your spouse.
You should verify with the title company/closing agent the reason why you have not received a Form 1099-S.
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‎February 19, 2022
6:36 PM