Chrisbry Posted March 4, 2008 Report Share Posted March 4, 2008 Situation: Husband & Wife in a Rental Real Estate Partnership; Sold a rental property (owned by the Partnership) 1099-S has been issued in husband's SS# (obviously they didn't ask me before they filled out the W-9 information at closing) Report it on their 1040 with nominee to the Partnership? Or just put the 1099-S on the Partnership Form 4797? I'm pretty sure I know the answer to this, it's just that Monday was a rough "brain" day and I haven't had enough coffee this morning. Quote Link to comment Share on other sites More sharing options...
Burke Posted March 4, 2008 Report Share Posted March 4, 2008 Situation: Husband & Wife in a Rental Real Estate Partnership; Sold a rental property (owned by the Partnership) 1099-S has been issued in husband's SS# (obviously they didn't ask me before they filled out the W-9 information at closing) Report it on their 1040 with nominee to the Partnership? You know you are going to have to put it on the 1040 so it will match. So, yes. Quote Link to comment Share on other sites More sharing options...
Chrisbry Posted March 4, 2008 Author Report Share Posted March 4, 2008 I told you I knew the answer. Thanks for confirming. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.