S
saparks
Guest
We have a 1099-S form. We had half ownership of a mobile home in Fl that was sold in 2000. Our half of the gross proceeds was 2,250. This was a parents home that was "sold" to children (us) 5 years ago for the selling price of 20.00 (attorney's advice). It had been vacant until sold. We never lived in it. In Turbo Tax it looks like this is a capital gains and we owe taxes over 2,000 dollars. Please tell me there's another way to report this- Thanks!