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February 4, 2020
Question

I sold inherited house I owned with 3others. I got 1099S for my portion of sale proceeds. What do I put for FMV at time prev owner died?

  • February 4, 2020
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1 reply

AmyC
Employee
February 4, 2020

You are one of four inheritors so you will put one-fourth of the FMV plus one fourth of sales expenses as your basis.

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