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Get your taxes done using TurboTax
I feel like I pretty much explained what he did. What other information would you like? He paid me my half of the money after he sold the house minus the closing costs in 2022. He filled out what he needed to do on a 1099-S and I have a copy of that. he then waited until 2023 tax season and instead of filing a 1041 and getting me a K-1 for the house he said he paid all the taxes himself and have me those numbers and said if I wanted to I could pay half. He sent me he how he did it and it is through a 1040 Schedule D which is a Capital Gains/Loss vs. a 1041 which ia form for a Trust/Estate Sale and giving me a K-1. He also said if I don't pay him half he does not care.
My question is did he do something wrong on this in regards to me. Am I going to be in trouble and dod I need to claim anything because others tell me different things? I have not filed my taxes as of yet and wan to do it right.