Evening everyone.

I am starting to get some clients that are active in real estate (property flippers). Couple of questions please

1. Are you aware of a good CPE course that goes over HUD-1 and how to record basis and then using the sale closing statement to record the gain?

2. A totally separate question. If a client sold his house and never received a 1099-S and the gain was much less than the $250,000. Does he have to put that on the tax return? What if they receive the 1099-S, that goes on schedule D?

Thank you again.