1099-S for Sale of House

monksealman · ‎January 20, 2026

My wife (and her brother) received 1099-S from the title company for the sale of their father's house this year. Both she and her brother were listed on the deed, along with their father. Both my wife and her brothers 1099-S have $0 in the gross proceeds. All the proceeds went to their father and were reported on his 1099-S. How do I report this correctly for our taxes? My wife and I file jointly.

LindaS5247 · ‎January 25, 2026

That is correct. If your Form 1099-S reports zero proceeds, you do not have to enter it into TurboTax because there is no taxable income.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

MinhT1 · ‎January 20, 2026

As your wife has received a form 1099-S showing $0 proceeds, you do not have to report it on your joint tax return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

monksealman · ‎January 25, 2026

Just for clarification, even though we received a 1099-S we do not have to report it since the proceeds were $0?

LindaS5247 · ‎January 25, 2026

That is correct. If your Form 1099-S reports zero proceeds, you do not have to enter it into TurboTax because there is no taxable income.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Expert does your taxes

Do it yourself

Resources

Support

1099-S for Sale of House