I paid for the house, been file and pay tax for the house and received all the money from sailing the house. The closing house insisted issue two checks with 2 1099-5 forms with 50-50 split with my son, since his name was on the title.
How would I file? Put in the whole sale price, or only 50% and ask my son to file the 1099-S?
I called IRS help line but they do not have an answer.
