bulletin Internal Revenue›Introduction
SECTION 4. SELLER CERTIFICATION
Internal Revenue Bulletin 1998-7 · 2026-10-03 edition · updated 2026-10-04 · United States
.01 To be excepted from the information reporting requirements in § 6045(e) on the sale or exchange of a residence (including stock in a cooperative housing corporation), the real estate reporting person must obtain from the seller a written certification, signed by the seller under penalties of perjury, that assurances (1) through (4) set forth in section 4.02 of this revenue procedure are true. For purposes of this certification, the term “seller” includes each owner of the residence that is sold or exchanged. Thus, if a residence has more than one owner, a real estate reporting person must either obtain a certification from each owner (whether married or not) or file an information return and furnish a payee statement for any owner that does not make the certification.
.02 The assurances are:
Get a plain-English answer with a citation back to this text.
Ask AI about this code