ErnieS0
Expert Alumni

Deductions & credits

@TMOBV Wonderful! Yes. You should both report you halves of the sale. It may feel unnecessary because nothing is taxable, but the IRS computers pick up 1099-Ss and spit out notices.

 

With the IRS still short staffed because of COVID-19 it's very difficult to get anyone over there to answer the phone and there's months of taxpayer mail sitting in trailers, It's worth being proactive.

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