Form 1099-S
Proceeds from Real Estate Transactions
1099-S Forms are used to report real estate transactions to the IRS. Examples include any income, services or indebtedness related to the ownership of a property. Reportable real estate includes land, as well as residential, commercial or industrial buildings; leasing; or stock ownership in a housing corporation.
Due Dates for Form 1099-S
To Internal Revenue Service:
Paper: February 28
E-File: March 31
To State Agency
State Filing Deadlines
To Recipient
February 15
Please note: If date shown falls on a Saturday, Sunday or legal holiday, the due date is the next business day.
Federal E-Filing Requirements for
Form 1099-S
Any person, including a corporation, partnership, individual, estate, and trust, who is required to file 250 or more information returns must file such returns electronically. The 250 or more requirement applies separately for each type of return and separately to each type of corrected return. For example, if you must file 100 Forms 1099-B and 300 Forms 1099-INT, Forms 1099-B need not be filed electronically since they do not meet the threshold of 250. However, Forms 1099-INT must be filed electronically since they meet the threshold of 250.
View the Official IRS Instructions
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