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  2. Form 1099 - Wikipedia

    en.wikipedia.org/wiki/Form_1099

    For a variety of reasons some Form 1099 reports may include amounts that are not actually taxable to the payee. A typical example is Form 1099-S for reporting proceeds (not gain) from real estate transactions. The Form 1099-S preparer will report the sales proceeds without regard to the amount of the taxpayer's "basis" in the real estate sold.

  3. Installment sale - Wikipedia

    en.wikipedia.org/wiki/Installment_sale

    If a taxpayer realizes income (e.g., gain) from an installment sale, the income generally may be reported by the taxpayer under the "installment method." [5] The "installment method" is defined as "a method under which the income recognized for any taxable year [ . . . ] is that proportion of the payments received in that year which the gross profit [ . . . ] bears to the total contract price."

  4. 2 Tax-Saving Options for Real-Estate Sales - AOL

    www.aol.com/news/2014-02-01-2-tax-saving-options...

    If you're a high-income taxpayer in the eyes of the IRS during a year when you make a real-estate sale, you may be in for a shock when you file your tax return. Tax rates on long-term capital ...

  5. Internal Revenue Code section 1031 - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Code...

    Generally, "like kind" in terms of real estate, means any property that is classified real estate in any of the 50 U.S. states or Washington, D.C., and in some cases, the U.S. Virgin Islands. Taxpayers who hold real estate as inventory, or who purchase real estate for re-sale, are considered "dealers".

  6. How do you calculate cost basis on investments? - AOL

    www.aol.com/finance/calculate-cost-basis...

    The total sale amount is $1,500 (50 shares x $30). ... Cost basis in real estate transactions ... will generate a Form 1099-B from your broker that includes detailed cost basis information to help ...

  7. Do I Need a 1099-R Form For Taxes? - AOL

    www.aol.com/1099-r-form-taxes-130057795.html

    What a 1099-R Form Is Used For SmartAsset: What is a 1099-R Form? Form 1099-R is used to record distributions of income, outside of income earned by working for an employer or from self-employment.

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