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Question

My four siblings don't have a 1099-B for the sale of a property that we inherited from our deceased parents. How do I enter my share (1/5) of the CG into TT desktop?

Forum|Forum|11 months ago
April 13, 2025
2 replies
0 views

I ask because TT Desktop is calculating it on the entire sale, hence asking how I only pay my fair share w/o having to mail in paper.

TurboTax Online

You just have to enter your share of the proceeds and adjust the basis accordingly.

@LinJs36 - remember that the cost basis is based on the property value on the date of your 2nd to pass parents death....take 1/5 of that.

Employee

Figure the report as if there were one owner.

Then divide all amounts by five. Give the numbers to the others.