@Anonymous_ wrote:
@Opus 17 wrote:
(Note that, as the only owner at the time of the sale, the entire gain is reportable by her, even though the 1099-S only shows half.)
We don't know the circumstances in terms of how title was held at the time of the sale nor how the settlement agent handled the death of the mother's husband.
Since the questioner does not know why the 1099-S only listed half the sale, I think it's a reasonable assumption that the wife inherited her husband's half of the home. If the home was known to be partly owned by someone else so that the mother only received half the proceeds, the question would have been asked differently or not asked at all.
