Hi Carl,
The situation is indeed complicated. The property was originally owned by 3 people (my sister, brother, myself). The rental income was always reported by my sister and brother, as such so was the depreciation. Unfortunately, my sister has since passed. As a result of selling the home for a profit, I received a 1099S (along with my brother). As you mentioned, since I have never reported this property, I've taken no depreciation. How should I report this sale on my Federal tax?
Thanks
