Is it normal to receive a 1099-s with only half of the sale price shown as gross proceeds. My Mom received this. My Dad passed away in 2015.
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Is it normal to receive a 1099-s with only half of the sale price shown as gross proceeds. My Mom received this. My Dad passed away in 2015.

 
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New Member

Is it normal to receive a 1099-s with only half of the sale price shown as gross proceeds. My Mom received this. My Dad passed away in 2015.

If the home was jointly owned, the Estate of the deceased would be co owner with the spouse.   If there was a will and the will passed the share of the deceased  in the house to the spouse, the will would been to have been probated before the spouse became sole owner.  The key answer would be whether title was transferred solely with the signature of the mother  Otherwise, both the joint owners (your mother and the executor of the estate).  would need to sign over title.   If your mother was also the exectutor, a distribution deed would need to have been filed before she became sole owner. 

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