Question

1099-S

Forum|Forum|1 year ago
February 24, 2025
1 reply
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My husband and I sold a home in 2022. He and I are both on the 1099-S because we were both owners on paper. However, he was the only one who lived in the home and received the funds. Can he be the only one to claim this on his taxes or do I need to as well?

D

DavidD66

If you are married fling separate, only one of you needs to report the sale of the home, unless you live in a community property state. If you do live in a community property state, more than likely you will both have to report the sale. Assets and income that you and your husband can consider to be separate for tax purposes depend on the laws of your state. When you file jointly, you report all income from all assets. When you file separately, you must follow your state's definition of separate and community property.

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