https://ttlc.intuit.com/community/other-financial-discussions/discussion/re-1099s/01/1354640#M1024 <P>The IRS matches up these documents to your tax&nbsp;return.</P> <P>&nbsp;</P> <P>Talk with your son, and make sure he has reported ,100% of the proceeds on his tax return, and I would ask for a copy of his return for back up (just in case the IRS asks you later why you didn't report it)</P> <P>&nbsp;</P> <P>Just as long as one of you reports this on your tax return to the IRS, you are okay.&nbsp; The IRS may send you a letter and you will need to let them know what took place.</P> <P>&nbsp;</P> Tue, 24 Mar 2020 16:24:17 GMT ReginaM 2020-03-24T16:24:17Z https://ttlc.intuit.com/community/other-financial-discussions/discussion/1099s/01/1354056#M1020 <P>I received a 1099S for he sale of my son's home.&nbsp; I was listed with him on the title as required by the bank for co-signing the loan.&nbsp; He paid his mortgage and everything was in proper order at sale.&nbsp; So, he received the entire gross proceeds.&nbsp; How do I handle this with the 1099S filing?</P> Tue, 24 Mar 2020 13:28:37 GMT https://ttlc.intuit.com/community/other-financial-discussions/discussion/1099s/01/1354056#M1020 whitehst 2020-03-24T13:28:37Z https://ttlc.intuit.com/community/other-financial-discussions/discussion/re-1099s/01/1354640#M1024 <P>The IRS matches up these documents to your tax&nbsp;return.</P> <P>&nbsp;</P> <P>Talk with your son, and make sure he has reported ,100% of the proceeds on his tax return, and I would ask for a copy of his return for back up (just in case the IRS asks you later why you didn't report it)</P> <P>&nbsp;</P> <P>Just as long as one of you reports this on your tax return to the IRS, you are okay.&nbsp; The IRS may send you a letter and you will need to let them know what took place.</P> <P>&nbsp;</P> Tue, 24 Mar 2020 16:24:17 GMT https://ttlc.intuit.com/community/other-financial-discussions/discussion/re-1099s/01/1354640#M1024 ReginaM 2020-03-24T16:24:17Z