Hello - I sold a house last year for which I was listed as Joint Tenant. My boyfriend had the mortgage solely in his name and came into the sale with a large down payment.
We bought the house for $430,000 and sold for $644,000. We lived there over two years. The mortgage company followed our instructions and cut me a check for $85,000 (half the profit minus realtor fees). Everything else went to him, towards a new house he bought in his name only. All separate bank accounts, taxes, etc.
Now I received a 1099-S showing half the gross sale even though I did not benefit from half the proceeds because they said it was a joint tenant title. Gross proceeds of $322,000 for each of us. How do I show I only got a small portion of this?
