On the 1099-S, they have Total Gross Proceeds as the total amount of the transaction (example: 100k) and then where it says If Multiple Sellers Complete Allocated Gross Proceeds: $50k (my 1/2 of transaction)
In Turbotax, which amount should I use? Is it okay to enter my Allocated Proceeds?
If I'm supposed to use the $100k, where would I adjust for the 1/2 my partner received?
Thanks for your help!
