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December 6, 2010

Real Estate Closing & Income Taxes: Why You Have to Provide Information on IRS Form 1099-S or a Certification of No Reporting

As a seller, though, you should be aware that some of the documents you sign may have consequences next April when your taxes come due. The IRS requires closing agents to report on the sale of real estate in case you owe any taxes on gains from the sale. Your closing agent, who...
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