My case is that I owned this property with my ex-husband and i decided to purchase his part. We did a sales contract and i was seller and buyer at the same time. To remove his name for the property i had to buy the property (that i already owned 50%). The title company issued me a 1099-s for 50% amount. I actually never sold the property, this process was done to remove his name from the title.
How should i declare this in my tax return?
