Husband wife 1099s

[rfarese]

Husband and wife each received 1099S for half of sale amount of primary residence of 30 years. How do I enter this in turbo tax? I said both when questioned on sale of primary residence. Should I say husband first and then wife second for 'another residence'? If I add 1099s amounts together, return will not match IRS' copy of 1099S.r

[KittyM · Accepted solution]

If you report 100% of the sale amount (that is, the amount of the two 1099's together), the IRS will be satisfied.  If you're married filing a joint return, you can add the amounts together.  Do not report it as two separate sales.  

[rfarese]

We are filing married jointly. I entered this as two separate sales for the same address on turbo tax and it took it. If I treat it as one sale for the some of the two 1099S', it will not match the 1099S' the IRD received. Are you sure I should do that and not treat it as two separate sales? Thank you

[KittyM]

Your call, as long as the total you report on your return matches the total the IRS received and the gain is calculated correctly, you're good. I question why you received two 1009-S though.  This is not common in a husband & wife sale.  Whatever you decide to do, keep your documentation in case the IRS writes you.