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IRS Form 1099 S: Real Estate Taxes Explained

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Get your IRS 1099S here: https://eforms.com/irs/form1099/s/

A 1099S is a document used to report the sale or exchange of real estate. It’s a record that shows how much money changes hands when someone sells a piece of property such as a house or land. This form is important for taxes because it helps the government keep track of any gains or losses from the sale, which might affect how much tax you owe.

In this video we cover:
What an IRS Form 1099S is
Who needs to file?
What are the requirements?
What is the deadline?

DISCLAIMER:
This video is strictly for educational purposes and is in no way intended to provide legal advice. We do not make any warranties about the completeness, reliability, and accuracy of this information. Any action you take upon the information on this video is strictly at your own risk, and we will not be liable for any losses and damages in connection with the use of our videos.

#realesttatetaxes #propertysales #irsforms #taxfiling #incomereporting

posted by benditera2b