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