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Posted by Avrum Lapin on April 12, 2007, 6:51 pm
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> I sold a house last year, but never received a 1099-S. I've
> read that it should come from the closing agent, but more
> specifically its said your RE agent, your title company, or
> your mortgage company. So which is right? I live in IL if
> that makes the difference.
>
> I called my mortgage company and realtor so far - both of
> them seemed to act as if they didn't know what a 1099-S was
> (scarey). I have yet to get in touch with the closing
> company...they don't seem to want to answer the phone or
> return my calls. My thought is that it should probably come
> from them, but I'm not sure.
>
> I also think they may not have sent it merely because of the
> dollar value of my transaction, but it would certainly be
> nice to confirm this. If the IRS got it, I want to have a
> copy of it as well.
In CA the 1099-S usually comes from the escrow company.
They wont send one if the sales price is less than $250K for
a single seller or $500K for a married seller.
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