The title company said I was issued a 1099-s because I did not live in the home. It was my daughters house, I had to co-sign the mortgage for her to purchase the home. I did not contribute any money toward the home, nor did I profit in any way. 100% of the proceeds were wired in her name to her bank account of which she is the sole owner. So issuing her a 1099 corrects any percieved tax obligation on my part?
