So the 1099-S does just have my name on it. The gross proceeds show half the price of the sale price of the property ($199,750.00), which was $399, 500.00 but after all the fees and payoff for our old home were deducted it came out to a total of $143,003.56 profit to us. Out of that, I received 25% and my ex received 75%.
So I should deduct the fees, the payoff of my old house, and the extra percentage that my ex-wife received from $199,750.00?
