Did you get a 1099-S? What you do will depend on if you did or not and who's name or names were on it.
If you did receive the 1099-S in just your name, then you would need to do a Nominee Return for the 75% that she received. You will basically need to issue your ex-wife a 1099-S for the income that was reported to you that she received that you did not receive. To issue a 1099-S to your ex-wife you can do it directly through the IRS with this website. but this is not part of your tax return. You will then enter the 25% on your return.
If you received one with both of your names on it, then you would just enter the 25% and she would enter the 75%.
If you did not receive a 1099-S, then you would just enter the amount you received from the sale.
To enter the Sale of a Home select the following:
- Federal
- Income
- Sale of Home under Less Common Income
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