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Form 1099-S Proceeds From Real Estate Transactions

I posted this in r/tax as well. But can someone help me.

A bit of a backstory. I have never filled out the Form 1099-S Proceeds From Real Estate Transactions before. My boss is an attorney and told me to fill it out for a closing that was done for a condominium. My boss represented the purchasers who a couple who purchased the condominium from a one person. The condominium was purchased for less than $250,000.

From my understanding the Transferor's, the Seller, Attorney should be the person who was supposed to fill out the Form 1099-S, because from my understanding if there is no settlement agent present during the closing, the Transferor's Attorney is to fill the 1099-S. However, we asked the Transferor's Attorney numerous times to provide to us the 1099-S, but the Attorney did not. My boss decided to that our office would fill it out instead and asked me to fill it out.

I was looking at the 1099-S online. I see that on the IRS website there is a downloadable 1099-S Form which has a Copy A, Copy B and Copy C. However, the instructions says that Copy A of the Form 1099-S downloaded from the IRS website cannot be sent to the IRS because it is not scan-able.

Where do I get the scan-able Copy A of the 1099-S? Who gets Copy A, Copy B, and Copy C of the Form 1099-S? Are there any other Forms that are to be submitted to the IRS along with the 1099-S?

submitted by /u/Greenpenman111
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/dao92o/form_1099s_proceeds_from_real_estate_transactions/
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