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March 7, 2023
Question

Sale of inherited Land Contract House

  • March 7, 2023
  • 1 reply
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Our Father passed in 2021. We inherited a land contract note. We subsequently sold the house via a conventional loan to the person who purchased the house on land contract. The three of us each received a 1099S for one third of the sale price. How do I report this? 

    1 reply

    March 7, 2023
    1. In the search box, upper right
    2. Search for 1099s, sale of property other than main home
    3. Jump to 1099s, sale of property other than main home
    4. Continue to follow the screens to enter your sale

    Here's more info on Sale of Inherited Home

     

    @Ren Wa