1099s

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Hello, my mil sold her home and my husband was on the deed. The sale of the house was in both of their names but it is her money. She put him on the deed in case something had happen to her. I’m just curious how I file our taxes now because she received a 1099s and so did my husband. She is now living with us and on social security and has a part time job. Does she need to file as well?

LaShaunA3

Alumni - Intuit

Yes, your mother-in-law is likely required to file a tax return since she received a 1099-S and has wages in addition to Social Security. She reports the full home sale on her own return, and may qualify for the $250,000 home-sale exclusion if it was her primary residence.

On your joint return, your husband generally reports the 1099-S and then removes it as nominee income if he had no beneficial ownership.

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