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Form Pa 1795

Form Pa 1795

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Video instructions and help with filling out and completing Form Pa 1795

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Instructions and help about pa1795

hey there youtube so in this video i want to cover the irs form 1099-s this is the proceeds from real estate transactions form 1099 filing this 1099 is filed generally by the closing agent in a real estate transaction and it is filed to report the gross proceeds from the sale by the seller of the property okay so if you have for example we have john smith taxpayer he owned a piece of real estate he sold it to a buyer the broker the closing agent here that closed the transaction for the two parties is required to file this provide a copy to john smith and provide a copy to the irs so we've got an example 1099 s here and then i've got a slide in front of us with some information and then also a an 8949 example that we'll look at as well so if we go back to this slide first just to go cover some of the background here like i already said you know if you're a homeowner and you sell real estate the closing agent or it might be an attorney title company whoever whoever's closing the deal mu

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