dorinagar
New Member

Deductions & credits

Thanks for the reply. The title company did not disclose this to us and it doesn't surprise me.  I will try the 1096 and 1099S route since the gain is over $50,000 and my half would be taxable while my father would include the total gain and he get's the personal residence exclusion. The risk is that the 1096 is late and the IRS will reject it but it is worth a try.

 

Thanks again.