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 Guide to Your PSERS Issued Form 1099 R Psers State Pa 2013

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hello in this video we'll be going over IRS form 1099-s proceeds from real estate transactions before we begin walking through this form a lot of taxpayers may may not be familiar with it mainly because they've never seen one before and I'll explain to you why uh this tax form is required for all real reporting all real estate transactions uh such as improved or unimproved land permanent structures to include residential commercial or industrial buildings condo units stock in a a Cooperative housing Corporation or any non-contingent interest in standing Timber so that's the literal uh category of all transactions that are reportable on this tax form form however there's a big exception for taxpayers who are able to exclude income from capital gains because they're selling their primary residence so this is uh part of the tax code under section 121 and it's the exclusion of proceeds for the sale of your primary residence this is ho

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