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January 6, 2020
Question

I sold a rental property in 2019 and received a 1099s for the full sale amount of 300k. Provided 50% of net proceeds to ex-spouse in divorce. How do I provide her a 1099s

  • January 6, 2020
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1 reply

Critter
Employee
January 6, 2020

If you were the only one on the deed then you are the only one who will report the entire sale on your return ... you do not get to give her a 1099-S in this situation.   The sale was a division of assets and you should only have had to give her 1/2 the profits AFTER expenses and taxes since you had to report the sale on your return... talk to your attorney if this was not the case.