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I have received substitute form 1099-S proceeds from real
I have received substitute form 1099-S proceeds from real estate transactions which provides date of closing, gross proceeds, and buyer's part of real estate tax. How will I file this on Schedule D? … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
18,231 satisfied customers
What IRS form do I use to report deductions, basis and
What IRS form do I use to report deductions, basis and exclusion when I received a 1099-S for my real estate sale? The 8949 references 1099-B and I wanted to itemize and it doesn't reference 1099-S.… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
34,060 satisfied customers
I sold 2 houses last year. one was my home and the other was
I sold 2 houses last year. one was my home and the other was a home i inherited. Both were sold at a much lower price then the value. I was issued substitute forms for 1099S. i sold the houses many mo… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,125 satisfied customers
I sold my primary residence in 2018. Where do I Report the
I sold my primary residence in 2018. Where do I Report the sale of my home as I received for 1099-S?… read more
Rick
Rick
MBA
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I am the executor of my father's estate, which included only
I am the executor of my father's estate, which included only the sale of his house and some cash plus personal property. The three children divided everything three ways. I have a 1099-s and that's al… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,540 satisfied customers
I sold my house last year and made a profit of $35,000. Do I
I sold my house last year and made a profit of $35,000. Do I need to claim that on my taxes? Will I get something in the mail? … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
24,224 satisfied customers
I need to file my 2017 taxes yet. I bought an investment
I need to file my 2017 taxes yet. I bought an investment property and sold it and potentially owe capital gains tax but my expenses had me break even or losing a little money. should I record this wit… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
34,060 satisfied customers
What tax form do I need to claim tax exempt for selling my
what tax form do I need to claim tax exempt for selling my primary residence … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
18,231 satisfied customers
This is about Tax form 4797: Let me give you exact case
This is about Tax form 4797: Let me give you exact case details. DB purchased a residential property at Phoenix, AZ, on 10/05/2010 for $120,000 and spent $13,900 for home improvements. The adjusted co… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,125 satisfied customers
What do I need to do when I sell my main (only) home, and
Second opinion] What do I need to do when I sell my main (only) home, and use the money to buy another home? … read more
Bill
Bill
Master's Degree
3,173 satisfied customers
I recently filed both federal and state taxes but received a
I recently filed both federal and state taxes but received a 1099s from a one time real estate transaction ( sold my primary residence) … read more
Tax.appeal.168
Tax.appeal.168
Principal
7,250 satisfied customers
What do I need to do when I sell my main (only) home, and
What do I need to do when I sell my main (only) home, and use the money to buy another home? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
13,001 satisfied customers
I received a 1099-S after I filed and received my Tax
I received a 1099-S after I filed and received my Tax return. It is from the sale of my mothers home after she passed. It was part of our inheritance. What do I need to do? … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
24,224 satisfied customers
Lane, I was wondering if you could walk me thru form 8949
Good Morning Lane, I was wondering if you could walk me thru form 8949 re: my sale of a duplex which is 1/2 personal residence and 1/2 to be a deferred exchange in which is a buy down in 2018 and I wi… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
18,231 satisfied customers
Lane....is it possible for you to walk me thru a form 8949
Good Morning Lane....is it possible for you to walk me thru a form 8949 regarding a dplex I sold in 2017...1/2 personal residence....1/2 rental which will be deferred1031 exchange...no mortages...cash… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
18,231 satisfied customers
We sold a portion of land our main home ison this year, and
We sold a portion of land our main home ison this year, and received a 1099-s. The land was sold for $350, but there was extra money added for having to re-fence the area. The 1099 just lists the whol… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
24,224 satisfied customers
My mother-in-law sold here house and received a 1099-s from
My mother-in-law sold here house and received a 1099-s from the title company. The gross proceeds box is blank. Buye's portion of RE taxes has a small amount. Do we have to report it on her taxes?… read more
Barbara
Barbara
Enrolled Agent, Paralegal
13,001 satisfied customers
I received a 1099-S form that was sale of my parents
I received a 1099-S form that was for the sale of my parents home that my brother and I received as an inheritance. My gross proceeds were $29,750 which was for 1/2 interest in my parents home. My bro… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,733 satisfied customers
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