sjrcpa
Level 15
02-18-2023
07:45 PM
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Technically no if all the gain is excludable.
But, having been burned a few times when IRS got a 1099-S and sent a matching notice, I always report. I don't believe the clients when they say they didn't get a 1099-S. Reporting it and claiming the exclusion takes far less time than responding to the notice.
The more I know the more I don’t know.