my husband and brother joint owned a home where their mom lived. They sold the property for $111,476. They repurchased a mobile home for her and spent $85,328. How do i report this on my taxes and ...

my husband and brother joint owned a home where their mom lived. They sold the property for $111,476. They repurchased a mobile home for her and spent $85,328. How do i report this on my taxes and how much do i report?

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If they owned the property 50-50, you will report one half of the proceeds. You do not have to report the purchase of the new home.

See Where do I enter the sale of a second home?

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Corrected 1099-S, Box 2 - Gross Proceeds $0 / Original 1099-S, Box 2 - Gross Proceeds $55,000 - Do I need to include any or both in my 1040 Form?

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my husband and brother joint owned a home where their mom lived. They sold the property for $111,476. They repurchased a mobile home for her and spent $85,328. How do i report this on my taxes and how much do i report?

my husband and brother joint owned a home where their mom lived. They sold the property for $111,476. They repurchased a mobile home for her and spent $85,328. How do i report this on my taxes and how much do i report?

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my husband and brother joint owned a home where their mom lived. They sold the property for $111,476. They repurchased a mobile home for her and spent $85,328. How do i report this on my taxes and how much do i report?

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my husband and brother joint owned a home where their mom lived. They sold the property for $111,476. They repurchased a mobile home for her and spent $85,328. How do i report this on my taxes and how much do i report?

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