Question
sale of home co-signed with daughter on
Hello, I have a 1099-S with $0 gross proceeds for sale of a home that my client and his wife were co-signers on for their daughter but actually received no sales proceeds or ever made any payments on. They were on the title as part owners, however. Do I report the sale of home on Schedule D but don't show any sales or purchase price or report the $0 sales price and actual purchase price?
Thank you for your help!!
