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    bwalker74's Avatar
    bwalker74 Posts: 1, Reputation: 1
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    #1

    Jul 12, 2018, 12:14 PM
    I bought a house with a cousin and recently sold it, who reports it to IRS?
    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's Avatar
    ma0641 Posts: 15,681, Reputation: 1012
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    #2

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

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