Thanks for clearing that up. I was confused because the closing attorney sent two different 1099-s forms. One with the sale split 50/50 to my sister and me, then she requested them to fix it to reflect how the proceeds were distributed out. The sale was in 2023 months after our mom passed and deeded it to us as joint owners. I asked the attorney which one to use and they told me to ask my CPA. They didn't want to touch it.
I am curious as to what constitutes capital improvements on a house. I had to spend a few thousand on repairs to make it sellable, plus the time we went up there to clean out the house, hotel stay, mileage, food, cleaning supplies, exterminators, paying her bills while the house was in the market. I took care of all of that. Is any of that deductible?
