Question

Forgot to report sale of deceased parents home

Forum|Forum|4 years ago
March 30, 2022
2 replies
0 views

Hello,

We sold my father's home in March of 2020. I am the Personal Representative. I did not receive a 1099-S in the mail. A coworker told me that as the Personal Representive I needed to report the sale of his home. I looked in the file from the closing and found a subsitute 1099-s form. I have already filed my taxes. How do I go about reporting the sale now. We did not sell the house for a gain from our stepped up basis.

Thank you

E

ee-ea

Employee

No 199-S required

Exception 4 https://www.irs.gov/instructions/i1099s#en_US_202201_publink1000280427

D

DavidD66

To Report the sale now you will need to file an amended return for 2020. For information on filing an amended return 2020 see:

How do I Amend My 2020 Return?

Because you sold the house with no gain you will basically be filing an amended return with no changes, just a Form 8949 and Schedule D showing no gain, and an explanation that you are amending to report the sale with no gain.

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G

Gmariley12Author

We actually sold it in 2021. I updated my turbo tax to premier so I could do the amendment. However I do not see where in the program to do the amendment.

Please advise.