Personal Finance (Not Investing) • Selling homestead property and tax return

Who would send out the 1099-S?

I am not sure and therefore inquire. I have never sold a house before. This one is homestead with no capital gains after sale.

There should be a form that the escrow agent will have you sign telling them not to file a 1099-S. Then you will not report anything on your return.

Thank you. It was my wife's property. In closing, the title company made me sign the same documents as my wife: a non-foreign certificate, warranty deed, certification for no information reporting on the sale or exchange of a principal residence, and many many others. We are in Texas (community property state). Is it normal? After googling, all say a non-titled spouse needs to sign a deed...

Thank you.

Statistics: Posted by mander75 — Fri Dec 29, 2023 1:18 am — Replies 8 — Views 497

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