The IRS Form 1099-S is used to report sale or exchange of real estate. This includes exchanges or sales related to real estate land, permanent commercial, residential, or industrial spaces, condominium units, stocks in housing corporations, etc. For exchanges and sales or real estate, the person responsible for closing the real estate transaction should report the real estate proceeds to the IRS and furnish the tax statement to the taxpayer. Information required to fill out 1099-S Tax...