Lanham, MD asked in Real Estate Law for Maryland

Q: Who is responsible for providing a 1099-S for sale of residential property?

How do I know if I need to file a 1099-S or if I am exempt from doing so?

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1 Lawyer Answer
Cedulie Renee Laumann
Cedulie Renee Laumann
  • Crownsville, MD
  • Licensed in Maryland

A: The IRS has a publication to answer this question, available at The same publication also outlines what transfers are exempt from reporting.

Generally, at a typical "full" settlement where one person is buying the property from another, the title company who conducted the settlement would prepare the 1099-S. However, a party to the transaction may be responsible for filing this, either because they agreed to undertake the filing or because no third party conducted the Closing.

While not legal advice, I hope this general legal information helps.

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