brolison5
New Member

How report 1099S for sale of mothers house? Facts: Deeded 12 yrs ago to me (her son). Mom still living. We sold house in 2017. Each of us got 1099S 50/50 split

House deeded to me 12 yrs ago.

Mom retained a life estate in house.

Sold the home in 2017.

Mom still living today.

Is this a remainder interest?