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SECTION 9. EFFECTIVE DATE

Internal Revenue Bulletin 1998-7 · 2026-10-03 edition · updated 2026-10-04 · United States

This revenue procedure is effective for

1998–7 I.R.B 33 February 17, 1998

APPENDIX

CERTIFICATION FOR NO INFORMATION REPORTING ON THE SALE OR EXCHANGE OF A PRINCIPAL RESIDENCE

This form may be completed by the seller of a principal residence. This information is necessary to determine whether the sale or exchange should be reported to the seller, and to the Internal Revenue Service on Form 1099-S, Proceeds From Real Estate Transactions. If the seller properly completes Parts I and III, and makes a “yes” response to assurances (1) through (4) in Part II, no information reporting to the seller or to the Service will be required for that seller. 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.

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▸Contents — Internal Revenue Bulletin 1998-7
Internal Revenue Bulletin 1998-7

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