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Research Team - 30 Jul, 2026
Do You Get a 1099 When You Sell Your House?
Closing day comes with a stack of paperwork, and sellers are often surprised to learn a tax form might be part of it — even when they don't expect to owe any tax on the sale at all. Short answer: You may receive Form 1099-S, "Proceeds From Real Estate Transactions," after selling your home. Whether you get one depends on your closing agent, your sale price, and whether you certify that the sa ...
- Research Team
- 30 Jul, 2026
Property Tax Proration at Closing: Who Pays What
Property taxes don't stop accruing just because you're selling mid-year — and untangling who owes what for the months before and after closing is one of the more confusing lines on a seller's closing ...
- Research Team
- 29 Jul, 2026
The $250K/$500K Home Sale Tax Exclusion, Explained
There's one tax rule that matters more to most home sellers than any other single piece of the tax code: the home sale exclusion. It's the reason the overwhelming majority of people who sell their pri ...
- Research Team
- 28 Jul, 2026
Capital Gains Tax on Your Home Sale: What Sellers Actually Owe
Most home sellers never pay a dollar of capital gains tax on their sale. But the number of sellers who do owe something is growing, quietly, as home values climb faster than the tax exclusion limits ...
- Research Team
- 27 Jul, 2026
The Biggest Mistakes Long Island Home Sellers Make
Long Island home sales are high-stakes by any measure — median prices in Nassau County regularly exceed $650,000, and the transaction process involves attorneys, New York-specific disclosures, complex ...