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Form 1099-S & Payment Types to Report

Form:     1099-S

Title:      Proceeds From Real Estate Transactions

What to Report:  Gross proceeds from the sale or exchange of real estate and certain royalty payments.

Amounts to Report:  Generally, $600 or more

Due Date to IRS (unless indicated otherwise):  February 28*

Due Date to Recipient (unless indicated otherwise):  January 31


Payment Types:
  • Real estate transactions
  • Timber, pay-as-cut contract
  • Sales:
    • Real estate



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Page Last Reviewed or Updated: 2012-08-04