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June 3, 2019
Question

Received a form 1099 S. mother passed. land not sold from 2013 till recently, were costs and increase in value. where do I input this, it was from an attorney

  • June 3, 2019
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1 reply

Employee
June 3, 2019

Here is where you enter this sale in TurboTax:

In Income & Expenses, click show more

Scroll to Stocks, Mutual Funds, Bonds, Other and start

Did you get a 1099-B, click no

Chose the type of investment

Click Land

Enter address, net proceeds and sale date

When you calculate the net proceeds, use value of the property on the date of your mother's death and the cost of improvements as your cost basis.