This information about the sale of parents home with our name on it is very helpful. One question. In addition to my parents, the names of my two sisters and myself were on the deed. So the proceeds from the home were split 3 ways. The 1099-S I got shows the proceeds to me. My sisters got similar. So when completing the sale information, do I just report 1/3 of everything. For example the sale price, the cost of improvements etc?
