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Unfortunately, the 1099-S are incorrect.
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Hi Bob,Unfortunately, they were not. Each was issued a 1099-S for the full amount of the sale. I can come up with the correct gains by adjusting the cost basis....
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The Rental Property was owned by a brother and sister and sold in 2022 for a total of $230K.Each owner was issued a 1099-S for the full amount of the Proceeds $...
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Thank you. I was hoping just 2021 was shut down. Would you hold until it re-opens, or suggest I do a paper file. (2020 needs to be amended as well).Thank you
