You need to report the gross proceeds from the 1099-S as the gross proceeds on the tax return.
If the full selling price was reported in his name only, but he had to give a portion to someone else, he may need to file a 1099-S to report the other person's share.
You can add the closing costs you paid to sell the home to the basis.
The FMV on the date of death, plus the selling costs, is the basis for the property. If the amount was shared with others, you do need to just report the % that is your husband's share.
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