Hi TaxGuyBill, thank you. I had posted a question to Hal_Al
<a rel="nofollow" target="_blank" href="
https://ttlc.intuit.com/questions/3163654-can-we-use-the-gift-of-equity-to-minimize-the-impact-of-th...>
Now after reaching out to the Title Company agent and showed her the Exemption for the 1099-S instruction #3 that gifts are exempt from reporting on a 1099-S.. She is telling me that they will put what ever we want to be represented on the Sale of the property. Would it be correct if they put down the actual Realized Amount? I've read some threads on here, which you have commented on and that when the 1099-S is posted as FMV and not the actual amount realized it becomes flag by the IRS for the discrepancy. Thank you.
