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shainacg
New Member

If I received a 1099-S, do I need to report a home sale if my divorce judgement states my ex-husband received 100% of the proceeds and is fully responsible for any taxes?

 
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Anonymous
Not applicable

If I received a 1099-S, do I need to report a home sale if my divorce judgement states my ex-husband received 100% of the proceeds and is fully responsible for any taxes?

have you contacted the issuer of the 1099-s to see if they will issue a corrected one to report that you got $0.  if not, and you don't report this you almost certainly will get an inquiry or even a bill from the IRS.    to minimize the chances of IRS contact, I would report the proceeds and use the proceeds for the basis so gain is zero.  also on the form I would write "see statement attached".  to the return I would attach a statement stating that "pursuant to my divorce decree my ex-husband received 100% of the proceeds and is fully responsible for reporting the sale. see copy of that portion of decree attached.  I contacted the issuer of the 1099-S but they would not change it"   Even, if you do this, you might get a notice from the IRS.
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