Most of us dread filing our tax forms. Real estate professionals, in addition to dealing with the usual business forms, also have to file 1099-S forms each time they close a sale. Many firms put off the filing, doing the entire year's forms at the end of the year rather than when they file the HUD-1 settlement statement. Today's agents have the option of filing 1099-S forms electronically, but is that the best choice? There is a lot of information out there about the process, not all of it accurate, and we wanted to get to the reality of the matter.
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