This page contains guidance on information reporting. Click on one of the sections below to find the information you need.
Beginning July 1, 2019 a penalty of fifty dollars ($50) per day with a maximum of one thousand dollars ($1,000) may be assessed for failure to file the Information Reporting Requirement as outlined in NC G.S. 105-236(a) (10) (c).
Beginning July 1, 2019 a penalty of two hundred dollars ($200) will be assessed for “failure to file in the format prescribed by the Secretary” per NC G.S. 105-236(a) (10) (d).
An information report received with an error, such as those referenced in the Troubleshooting Guide, will be considered a submission in a format different than requested and may be assessed the $200 penalty.
Requirement for Payment Settlement Entity to file Form 1099-K electronically on or before March 31
G.S. 105-251.2(c), as enacted in S.L. 2017-204, requires payment settlement entities to submit to the Department duplicate copies of all information filed with the IRS pursuant to section 6050W of the Internal Revenue Code (i.e. Form 1099-K, “Merchant Card and Third Party Network Payments”). The term “payment settlement entity” has the same meaning as in section 6050W of the Internal Revenue Code. Pursuant to G.S. 105-251.2(d), the entity must submit the Form 1099-K information to the Secretary in an electronic format. There is no provision in North Carolina law that permits the Secretary to waive the electronic filing requirement.
Departmental Notice: Payment Settlement Entity (1099K)
Ability for Buyers to file Form NC-1099NRS electronically within 15 days of the closing date of the sale
Pursuant to Title 17 North Carolina Administrative Code Chapter 6 Subchapter B Rule .3906, (17 NCAC 06B 3906), every individual, fiduciary, partnership, corporation, or unit of government buying real property located in North Carolina from a nonresident individual, partnership, estate, or trust must complete Form NC-1099NRS, Report of Sale of Real Property by Nonresidents, to report the following: (1) the seller's name, address, and social security number, or federal employer identification number; (2) the location of the property; (3) the date of closing; and (4) the gross sales price of the real property and its associated tangible personal property.
- Manual Entry: Allows you to manually enter each Form NC-1099NRS in the eNC3 and Information Reporting Portal without creating a file.
- Web File Upload: Click the link to access the file formats and learn more about this option.
- Departmental Notice – 1099NRS
Frequently Asked Questions (Updated 3/1/17)