Thanks for your condense, with respect to the percentage ownership, I bought it with my mother and we went in 50/50. I lived there for 4 years before I got married and then bought my own house. I was on the title as a tenant in common and not a joint tenant and so had to get probate in order to be able to sign the closing documents myself since I was appointed the representative of the estate. Her will said that every should be split 50/50 with my brother so when we closed and signed the documents at the title company they wired half of the proceeds to me and half to my brother. I called them again today and they said that the 1099 S would be sent to me but that I should report that half of the proceeds were sent to my brother.
