Suesabell
Level 3
The parents sign on the loan with the child in order for the child to get the loan, all three are on the mortgage, but only the child paid the payments and only the child lived in the home.  Now the home sells and the 1099S comes in the fathers name.  Does the father have to claim the 1099 S? The home and the loan are in all 3 names. All three are on the home as well.
0 Cheers