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1099-S and Divorce
As part of my divorce, my former wife and I had to sell our house. First question - should the 1099-S we each receive show the full selling price for the house or should it show 50% for each of us?
If the answer to the first question is full selling price in Box 2 on the 1099-S, then is it permissible to only report 50% of that value on my taxes?
‎January 28, 2025
7:26 PM