1099-S for sale of residence has an incorrect address for rural residence sold, off by one digit. The tax parcel number is correct. Is this going to create a problem if IRS matches up address? The residence was sold by elderly widower on the installment sale method, and there will be a gain after deducting his basis from the sale price, and the $250,000 exclusion. Thanks for any help.
They wont match up the address, theyre only looking at the money.
I agree no tax implications, but I'd have the client contact the Title company. It could be that the Deed and/or any other important legal document has an incorrect address also. Correcting titles down the road is a hassle, do it now.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.