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Turbotax Asks : Enter the name of the person or financial institution that brokered this sale

Turbotax asks Enter the name of the person or financial institution that brokered this sale

This is for reporting two 1099-S

One for second home sold

One for land sold

 

For the house, we have 2 real estate agents on the settlement statement, and a title preservation company, so who do I list as the broker?

 

For the land we did NOT use a real estate agency, we sold it to family and paid a Preservation Title Company that drew up closing papers for my husband to sign.

So who do I list as the broker?

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2 Replies
MinhT1
Expert Alumni

Turbotax Asks : Enter the name of the person or financial institution that brokered this sale

For each case, you should list the Title preservation company.

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Turbotax Asks : Enter the name of the person or financial institution that brokered this sale

That is what I originally thought, as they are even listed on the 1099-S, but somebody esle said "they are not a "broker" and that is where I got confused.

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