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Deductions & credits
Q. Who would be responsible to send the 1099s form?
A. The closing agent.
The 1099-S is usually part of your closing papers. That is, it is not sent to in January of the next year, like other tax documents are. Sometimes, you will not get a 1099-S, if the closing agent knows none of it is taxable.
March 26, 2024
6:39 PM