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Deductions & credits
I have a similar question. My mother recently passed away and I had bought a home with her she and I were both on the title as tenants in common (not joint tenants) and so I had to get probate in order to sell them house. When the house sold for 560K I gave my brother half of the proceeds of the sales, less all selling costs. So the title company wired him 233K and I got 233K. The title company is send me the 1099 for the full sale price and said I could report that he got 233K of the proceeds, where would I do that? Also, I'm using TT Home and Business. Thanks in advance
‎January 4, 2022
4:47 PM