Information Returns If you sell or exchange certain assets, you should receive aninformation return showing the proceeds of the sale. This informationis also provided to the Internal Revenue Service. Form 1099-B.If you sold stocks, bonds, commodities, etc., you should receiveForm 1099-B or an equivalent statement. Whether or not youreceive Form 1099-B, you must report all taxable sales ofstocks, bonds, commodities, etc., on Schedule D. For more informationon figuring gains and losses from these transactions, see chapter 4 inPublication 550. Form 1099-S.An information return must be provided on certain real estatetransactions. Generally, the person responsible for closing thetransaction must report on Form 1099-S sales or exchanges of thefollowing types of property. Land (improved or unimproved), including air space. An inherently permanent structure, including anyresidential, commercial, or industrial building. A condominium unit and its appurtenant fixtures and commonelements (including land). Stock in a cooperative housing corporation. If you sold or exchanged any of the above types of property,the reporting person must give you a copy of Form 1099-S or astatement containing the same information as the Form 1099-S. If you receive or will receive property or services in addition togross proceeds (cash or notes) in this transaction, the personreporting it does not have to value that property or those services.In that case, the gross proceeds reported on Form 1099-S will beless than the sales price of the property you sold. Figure any gain orloss according to the sales price, which is the total amount yourealized on the transaction.