lynnlli1
Returning Member

Investors & landlords

both were issued 1099-S.  for last 2 years,  the house was reported by only me. I pay all expenses and takes rental.  the house was depreciated in the past.  just I do not know how to enter the sale price. 

I own 20%, he own 80%. He is willing to pay tax for the gains.  Another question, If we want to change the portion for gains, how to change 1099-S?