My husband sold an inherited home he owns jointly with 2 siblings in 2022. They received a portion of the proceeds and had owner financing for the rest. I will include the interest income and a capital gain for the proceeds received in 2022. For the capital gain I reported the 2022 proceeds and an equivalent percentage of the cost (DOD) basis. I then entered the portion attributable to his siblings.
Is this correct? Do I need to enter the full proceeds and the 2022 percent received anywhere? Or is this enough and report for 2022, with the remaining proceeds reported in the year received?
