BobKamman
Level 15
03-23-2020
10:13 AM
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Were two checks issued, or just one? If two checks, the 1099 issuer should provide separate forms. Why is it needed anyway -- was it not the primary residence for both, or were the proceeds more than $500K?
I would add to basis the half paid to the sister. See my forthcoming treatise in 10 volumes, "How To Trick The IRS Computer."