Skip to main content
April 13, 2022
Solved

Executor of an Estate--Received 1099-s from proceeds of a foreclosure

  • April 13, 2022
  • 1 reply
  • 0 views

I am the executor of my brother's estate.  I received a 1099-s for proceeds of a rental property he had that was foreclosed on in 2020.  He never claimed these proceeds so they were paid to the estate in 2021.  How would I report this in TurboTax (I have the business addition)?

 

Thanks for any help!

Best answer by Anonymous_

If the property ceased being used as rental property after death, you can report the sale in the Investment Income section (Stocks, Mutual Funds, Bonds, Other).

1 reply

Employee
April 13, 2022

If the property ceased being used as rental property after death, you can report the sale in the Investment Income section (Stocks, Mutual Funds, Bonds, Other).