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View Full Version : I bought a house with a cousin and recently sold it, who reports it to IRS?


bwalker74
Jul 12, 2018, 12:14 PM
My cousin and I sold a house recently, and the deal was that I didn't have to report the profit, my cousin would. What do I need to do to make sure I don't get penalized by the IRS for the profit of the house? Do I need to do schedules or a form for my cousin?

ma0641
Jul 12, 2018, 02:03 PM
Who paid for the house? Who lived in it? How long? Was the "deal" in writing?