I received a 1099S but the Gross proceeds amount shows $199,750.00 which is half of the sale price. They could have put the correct amount given to each of us (...
That is a little confusing. If I only deduct 25% of the fees it makes look as though I received more of the profit. I only received 25% out of the $143,003.56 f...
So the 1099-S does just have my name on it. The gross proceeds show half the price of the sale price of the property ($199,750.00), which was $399, 500.00 but a...
