@Mike9241 Unfortunately, title/escrow has confirmed that the 1099-S will reflect the net cash received. They said if this was a purchase, it would reflect gross sales price. But because my mom and I are refinancing (limited cash out to only pay off existing mortgage and siblings with my siblings submitting their payoff demands), their 1099-S will reflect net cash. They can't seem to figure any way around this. In which case, do they paper file a statement of explanation for the discrepancy?
