I am the Executor of my mother's estate. My Brother and I are selling my mother's home as 50/50 beneficiaries with home still deeded to my mother. Does the closing attorney send each of us separate 1099-S forms with only our share of the proceeds, or does he send the 1099-S in the name of the estate with the total proceeds? If he does the latter, then we'll both have to enter 50% of the proceeds. TurboTax may let us file the return, but it may which may trigger an audit with the IRS.
