garymange
New Member

I received a 1099-S for a house I did not own. I was on the title because I had loaned my son the down payment. The 1099-S gets sent to the IRS. How do I explain?

My son paid back the loan and I claimed the interest as income each year.  He sold the house in 2016 and both of us received the 1099-S form since we were both on the title.