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Yes, the $171K was my share of the gross proceeds of the sale amount. The $94K was my net after mortgage payoff and closing costs. Then what I must do I guess is to take the loan payoff, closing costs, and any other expenses and use  29.69% of that amount (which was my ownership interest). Add that sum to my investment amount of $102,200, then subtract that total from the 1099-S gross proceeds to establish my gain or loss on the sale. 

Do you concur?

 

Thank you so very much,

 

Marcus