fronq0314
New Member

1099s - what do I need to provide for taxes if I didn't profit on the sale? I was only on the deed in the event of death.

My mother sold her home this year and I attended the closing to sign documents because I was listed on the deed of the home (as part of the estate - she is single and I am her only child). Both she and I received a 1099-S with the capital gains from the home, however, the check she received at closing was never made out to me, and I received no profit from her sale.  I am getting ready to file my own taxes and will be bringing the 1099 with me.  What information should I also be bringing to the tax preparer to show that I gained nothing from the sale?