The Form number (according to the TurboTax) is 1099-S. Nobody sent us this form. Good thing that TT defaults the question (Did you receive a Form 1099-S?) to No. Apparently, only a few people receive this form.
But I have the closing statement from the attorney which itemizes the sale price, the agent fees, attorneys fees, etc. Therefore, I know all that I need to know about the sales of the home. And they probably submitted the paperwork to the IRS. Maybe.
You wrote:
>> Remember keep all your records on your house for at least 7 years after the sale.
Now, with computers and scanners it is easy to keep the records. But what happened 20 years ago is another story. I know that IRS may say that what I write we spent on the house (capital improvements) is unreasonable and disallow it.
Again, the "reasonable" is all up to the IRS since I do not have many records.
