topic I received a form from the bank regarding real estate transactions Form 1099-S. The amount received was used to pay off the morgage on the property. Is that taxable? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-received-a-form-from-the-bank-regarding-real-estate-transactions-form-1099-s-the-amount-received/01/84877#M9794 Sat, 01 Jun 2019 03:18:21 GMT debmeurer 2019-06-01T03:18:21Z I received a form from the bank regarding real estate transactions Form 1099-S. The amount received was used to pay off the morgage on the property. Is that taxable? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-received-a-form-from-the-bank-regarding-real-estate-transactions-form-1099-s-the-amount-received/01/84877#M9794 Sat, 01 Jun 2019 03:18:21 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-received-a-form-from-the-bank-regarding-real-estate-transactions-form-1099-s-the-amount-received/01/84877#M9794 debmeurer 2019-06-01T03:18:21Z Yes it "could" be. Understand the principle is always tax... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/yes-it-could-be-understand-the-principle-is-always-tax/01/84884#M9795 <P>Yes it "could" be. Understand the principle is always taxable. But the Interest is not. But regardless, since you received a 1099-S, it's a reportable event - taxable or not. <BR /></P> Sat, 01 Jun 2019 03:18:23 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/yes-it-could-be-understand-the-principle-is-always-tax/01/84884#M9795 Carl 2019-06-01T03:18:23Z