My family sold our home in NY that was co-owned equally by 3 individuals (2 siblings + 1 parent). For the siblings, neither of us are residents of NY, and therefore filled out IT-2663 and already paid estimated taxes to NY. I'm now trying to figure out how to report this sale on my federal return (I'm a resident of WA so no state portion should be needed).
1) Should this sale be added to the federal return under "Stocks, Mutual Funds, Bonds, Other" > "Everything Else"?
2) When we are asked about "Net Proceeds" and "Cost or Other Basis", would we each divide the Sale price (Line 15 on IT-2663) as well as Cost Basis (Line 16 on IT-2663) by 3?
Thanks in advance
