My client sold a residence in Orange County last 10/2018. My client has tried without success to get this escrow company to issue a 2018 Form 1099-S “Proceeds from Real Estate Transactions” and they have refused. They say that no other escrow client has asked for the form. Also, they said for my client to create her own substitute form. They will only give her a Closing Statement for the sale of her home in South Orange County (it does not have their EIN). I have always received a copy of the form 1099-S from my clients selling their residences.
My understanding from the IRS Instructions is that the last company handling the transfer transactions (closing) must issue form 1099-S by the 02/15/2019.
My question is:
Is the escrow company required to issue that IRS form?