fyllyoTax Forms
Form 1099-S
Proceeds From Real Estate Transactions
Fyllyo uses local AI to interpret your documents, calculate required answers and fill PDF forms. Review the answers and their sources before saving, without uploading client documents.
A simpler way to prepare a PDF.
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Drop in PDFs, scans, photos, Word files or typed notes. The AI reads them on your computer.
Review and save
Check the source lines, confirm key facts and edit the PDF. Uncertain values stay blank and flagged.
Form reference
Before you begin.
Use these notes as a starting point. Check the issuing agency’s current form and instructions for your client’s situation.
Open the source PDFFyllyo helps prepare PDFs. It doesn’t provide legal or tax advice, determine eligibility, or file forms for you.
Gather Necessary Information
Before using Fyllyo, ensure you have all the required data for Form 1099-S. This includes the filer's and transferor's full names, addresses, and Taxpayer Identification Numbers (TINs) along with details of the real estate transaction. Having these documents handy will streamline the form-filling process.
Details worth checking
Using the Official IRS Scannable Form
Submitting a non-scannable Copy A for Form 1099-S can lead to rejection or processing errors, since the IRS scans this form. Using the correct scannable version is crucial for compliance and accurate processing by the IRS.
Complete Filer Information
Incomplete filer information can cause communication issues and processing delays. Providing a full address, including city, state, and ZIP code, along with a telephone number, is essential for IRS correspondence.
Accurate Filer Taxpayer Identification Number (TIN)
An incorrect or missing TIN can lead to penalties and delays, as the IRS uses this number to identify and process tax documents accurately.
Correct Transferor TIN Entry
Entering the wrong TIN for the transferor can cause the IRS to misidentify the taxpayer, leading to processing complications.
Complete Transferor Information
Missing or incorrect transferor information, such as name and address, can lead to IRS miscommunication or form rejection.
Verification of Form Versions
Using incorrect form versions for copies other than Copy A can result in non-compliance with IRS standards and potential processing issues.
Set up your own form once.
Fyllyo’s cloud service prepares a reusable template from your blank fillable PDF and setup instructions. No API key is required. Client documents stay on your computer, and subsequent filling runs locally. Check the first few filled forms carefully.
Mac with M1 or later · 16 GB memory recommended · About 8 GB free disk space