My ex wife and I bought a house together in 2016. We got divorced in 2019. We agreed on her keeping the house and she was free to do with is as she pleased in exchange for child support, which meant she could sell the house for profit and all of the proceeds were hers.
She recently sold the house and made profit on it after paying it off. My name was still on the house so I had to be listed as a seller as well. I got a 1099-S with my "part" of the sale, even though I received no proceeds. I have not lived in the home since September of 2018. I now rent. How do I go about reporting this since a 1099-S was issued to me even though I did not receive the funds? Am I stuck with paying taxes on a gain that I did not.... gain??
