Thank you for responding and for your kindness.
Technically, it was myself, my sister, and our mother on the title. We provided the down payment for the purchase of the condo in September of 2020, but the loan was fully under our mother's credit. We hoped she would have at least a decade of enjoying her life there, so we were unprepared when her health deteriorated so quickly and she passed in June of 2022.
When the condo sold in August of 2022, it just seemed simpler to have the money sent to me since I had organized and paid for the memorial, so I'm the only one with the 1099-S. Obviously I'm realizing we should have structured it better, but it was all so overwhelming in the moment.
She still owed quite a bit on the mortgage, and since I was on the title from the beginning, I'm guessing I'll just have to treat it as a 2nd property? But we wouldn't have sold it had she not passed unexpectedly, so do I have a recourse to lower my liability?
Thanks again.
