The IRS has released a continuous use format version of Form 1099-S for use beginning in Tax Year 2022. The 1099-S is used for repotting the proceeds from real estate transactions to the IRS. The only notable changes to the form were those made to change the format to continuous use, including removing the form year and replacing it with a fillable spot, adding revision dates at the top and bottom of the form, changing 2021 references to the General Instructions to references to the “current” General Instructions, and replacing the “Due Dates” section with a “Filing and furnishing” section in the Instructions for Filer. The only update to the instructions was to convert them to continuous use format as well.
To view the form, click here.
To view the instructions, click here.
