Friday, July 30, 2010

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Why does my escrow officer require that I complete a 1099 form?
Sellers Answers

A 1099 form is the reporting form adopted by the I.R.S. for submitting information required by law. Under guidelines established by the I.R.S., sellers of real property are required to have their gross proceeds from the sale reported on the 1099 form.

 

 


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Markus Brown, SFR, BA & Heidi Brown, SFR, MBA
First Team Real Estate
Markus  Ph: 949-299-3400  -  Heidi Ph: 949.280.2912  -  Fax: 714.544.4490
17240 E 17th St
Tustin, CA 92780
DRE License # 01441782
www.markusandheidi.com

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