qbteachmt
Level 15
02-28-2025
03:18 PM
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I've noticed a lack of 1099-S when the sale price doesn't come up to the exclusion amount. It's not taking into consideration the tax rules, but I think the title company is going off of the reporting limit of $250k when there is a single name and $500k co-owned. It also depends on how those 4 questions get answered at closing.
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Don't yell at us; we're volunteers