Rhodes06
Returning Member

Is this inheritance? Father-in-law passed '19. Sold home '20. Husband & step-sibs equal split proceeds. Husband no 1099 b/c not a seller. Do we report proceeds received?

My husband's father passed in 2019.  He had been living in his wife's home who passed in 2009.  The home is in my husband's step-sibling's names.  We sold  the home in 2020.  My husband's step-siblings included him in an equal 1/3 split of the proceeds from the sale of the home.  My husband did not receive a 1099 at closing because he is not a listed seller.  How do we report the proceeds we received? Is this considered an inheritance?