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Level 1

1099S for a pass thru

I have a condo Assoc who received a 1099S for sale of an easement.  Unfortunately, the Condo association does not own the land but is the individual members. Can the condo association issue a 1099S to each of the landowners for their portion of the proceeds?

1 Comment
Level 15

1099S for a pass thru

Tax advice should come from a tax accountant - while we might offer a guess, I would not rely on anything without a reference when dealing with the IRS.

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