Hello,
We have a slightly different situation and would appreciate any advice you could offer.
- My sister and I bought a house together in 2013, sold it in 2020 (with less than $250k gain).
- We both lived there; she longer than I and I did not live there a full 2 years of the last 5.
- During closing, we signed "1099-S Reporting" Forms (her form ticked the box for principal residence; my form has 'other real estate'. The attorney also had us sign a form "NJ Seller's Residency Certification/Exemption" on which they ticked "the property sold is used exclusively as a principal residence as defined in 26 US Code section 121."
- Neither of us received 1099-Ss from the title company.
Question:
- Do we both need to file this sale on our 2020 taxes?
- OK to call title company just to see if they filed a 1099-S?
Many thanks!
