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Trying to enter a 1099S real estate form and when I follow the instructions it appears as a 1099B sale of stock and that isn't right?

Forum|Forum|3 years ago
February 4, 2023
2 replies
0 views

Home was inherited and sold.

TurboTax Premier Online

Best answer by Anonymous_

When you get to the screen in the screenshot below, click the "No" button.

Untitled.png

Anonymous_Answer

Employee

When you get to the screen in the screenshot below, click the "No" button.

Untitled.png

No idea how to get to that page.

Employee

@gsteph50 wrote:

No idea how to get to that page.

Stocks, Mutual Funds, Bonds, Other in the Investment Income section.

Employee

The sale is reported on Sch D just as a stock sale which is reported on 1099-B would be. Remember to report “inherited “ for date acquired and cost is the fair market value at the time of the decedent’s death. So if it was sold soon after death there would be no tax liability.