Basically, there is no document that shows that my siblings have an ownership interest in the property that I sold this year. Only my previous will stated that after my father died, the house will be sold and distributed among the name of the children. I did research on nominee adjustment in real estate, but I see nowhere that requires the shares of the gross proceeds rightfully their shares or they each have an ownership (or other) interest in the property. Can you show me where the IRS that requires the nominee recipient to have an ownership interest in the sold property? I am very worried about this.
