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Quick guide on how to complete 2018 form 1099 s proceeds from real estate transactions irs

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hey guys Merck back with another quick video I just want to do a quick one today taxes since it is tax season or in the beginning of February last year was the first year I ever flipped the house basically bought a house a tax auction got a very cheap not many other people were interested in it and I was gonna fix it up and do a write off thing with a friend of mine and it was a huge house it was a lot of work and we decided just to go ahead and flip it um so this year was the first year you know right away I tell my friend the house went cheap it was like eighty five hundred it sold for he's like oh anything under 10 grand don't worry about it that's not true anything over six hundred dollars you're gonna have to report to the IRS now if you close yourself you'll have to do it yourself it's a 1099s but if you have a closing agent they should provide that for you I think you're supposed to have it by the first week of February of that upcoming year for the taxes so like I sold the hous

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