Everything you need to know about filing 1099s, W-2s, and other tax forms for your business
Overview
Form 1099-S is used to report proceeds from real estate transactions, including sales or exchanges of land, buildings, and certain ownership interests.
Our system ensures accurate and IRS-compliant 1099-S filing for real estate professionals.
Form 1099-S reports gross proceeds from real estate sales or exchanges
You must file if you are:
A real estate broker, title company, or closing agent
Responsible for reporting proceeds from sales of propert
Recipient copies: January 31
IRS paper filing: February 28
IRS eFile: March 31
Late or incorrect filings may result in $50–$290 penalties per form
What is Form 1099-S used for? To report proceeds from sales or exchanges of real estate.
Who files Form 1099-S? Brokers, title companies, or closing agents.
Do all real estate transactions require a 1099-S? Yes, unless an exemption applies.
Can I file multiple 1099-S forms at once? Yes, our platform supports bulk uploads.
What happens if I miss the filing deadline? IRS penalties apply per late or incorrect form.
Ensure compliance with real estate transaction reporting. Start filing 1099-S forms today.
