the settling agent should have been notified and would then have only issue the 1099-S to your mother. You can still request them to correct the 1099-S but it may be too late and you still have to file. (Did your mothers 1099S reflect the full sale amount or just 50%).
If the Form 1099-S came in your name for the full amount you may want to "nominee" the monies back to your mother. Instructions are included here for your convenience should you need them.
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Nominee returns. Generally, if you receive a Form 1099 for amounts that actually belong to another person or entity, you are considered a nominee recipient. You must file a Form 1099 with the IRS (the same type of Form 1099 you received). You must also furnish a Form 1099 to the other owner(s). File the new Form 1099 with Form 1096 (this is a transmittal for the 1099s) by mailing to the Internal Revenue Service Center for your area.
- On each new Form 1099, list yourself as the payer and the owner as the recipient. On Form 1096, list the yourself as the nominee filer, not the original payer. The nominee is responsible for filing the subsequent Forms 1099 to show the amount allocable to the owner(s).
- The forms filed with the IRS should be the red copy so if you don't have a color printer, go to the IRS website and order the forms here: Click here to order forms or publications from the IRS.
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