Business, Legal & Accounting Glossary
Proceeds From Real Estate Transactions. This form is used by individual taxpayers to report the sale or exchange of real estate in a given year. Taxpayers are required to report any transaction that consists in whole or in part of the sale or exchange for money, indebtedness, property, or services of any present or future ownership of improved or unimproved land (this includes air space), inherently permanent structures, a condominium unit and its appurtenant fixtures and common elements, and stock in a cooperative housing corporation.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for 1099-S Form are sourced/syndicated and enhanced from:
This glossary post was last updated: 13th November, 2021 | 0 Views.