Learn More About 1099-S

Form 1099-S is used to report gross proceeds from the sale or exchange of real estate and certain royalty payments. A 1099S form must be provided to the recipient and a copy mailed or e-filed to the IRS.

WHY do I file a 1099-S?

The IRS requires that all income is reported by businesses and individuals or penalties could apply.

WHO needs to file a 1099-S?

Organizations involved in the sale or exchange or real estate for money, indebtedness, property or services must use Form 1099-S. See details and official IRS instructions below.

WHEN do I file 1099-S?

1099S forms are required to be mailed to the recipient by Jan. 31, and e-filed with the IRS by Mar. 31, or a paper copy mailed to the IRS by Feb. 28 each year.