I have a 1099s from the sale of my mothers home because my name was on the deed. My mother received the all the proceeds from this sale as she is still alive and chose to live somewhere else. Our names were added to the deed at some point many years ago. Do I have to report this sale even though I didn't receive anything from it? If so, how? This is not my primary home and I can't find where to add this 1099s on turbo tax that fits my situation.
I called for assistance and was told that I didn't have to report it at all but that doesn't seem right.
If I report the this form as a sale of my main home even though it's not, then it's telling me that I owe tons of taxes on this property so that's not right either.
I see online talk of an exemption form 8949 but that is no where on Turbo Tax that I can find. When I click many of the links to see where to file this information there are always follow up questions that don't apply to me and it takes me back out to the main screen.
Please help. I just need basic simple step by step instructions on if I have to report this weird situation or not, and where. Again, my name and siblings names were only on the deed and none of us benefited from this sale.
