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FORM  1099-S  INFORMATION
Any questions? Please call (800) 445-1099 for further information.

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Section II

WHO IS SUBJECT TO THE REPORTING REQUIREMENTS


Settlement agents are required to report applicable sales or exchanges of real property on all transferors except the following:

  1. Corporations
  2. Governmental Units
  3. Exempt Volume Transferors

Please see below for more information on Exempt Volume Transferors and other sellers who receive special attention.

Where the real estate is sold by a partnership, the partnership is the reportable person and not the individual partners. Likewise, when the seller is a trust or an estate, the trust or estate is reported on Form 10990-S and not the beneficiaries or heirs.

If the transaction involves a relocation company, the transferor is the seller and not the relocation company.

Also see below for which transfers of real estate are subject to the reporting requirements

Additional topics:

Which Transactions are Subject to the Reporting Requirements
Exempt Volume Transferors
Multiple Sellers
Husbands and Wives
Foreign Sellers
How to Contact Us

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FORM 1099-S INFORMATION
Any questions? Please call (800) 445-1099 for further information.