Solved
No text available
If you inherited the home before it was sold, it would be included in your tax return. If the home sold before your mother passed, the sale would be reported in her tax return.
To include this in your tax return, the sale will be entered in the Investment section (unless you are a real estate professional, then it would be entered on Schedule C).
• Select Federal Taxes
• Select Wages and Income
• Select Show More at Investment Income
• Select Start at Stocks, Mutual Funds, Bonds, Other
• Respond No – you did not receive a 1099B
• Choose Everything Else as the asset sold
Enter the information about the sale of the house. On the Tell Us How You Acquired This House screen, indicate that you inherited it.
If the sale happened before your mother passed, you would include it in her final tax return. Include the sales information in the Less Common Income section under Sale of Home.
To include this in your tax return, the sale will be entered in the Investment section (unless you are a real estate professional, then it would be entered on Schedule C).
• Select Federal Taxes
• Select Wages and Income
• Select Show More at Investment Income
• Select Start at Stocks, Mutual Funds, Bonds, Other
• Respond No – you did not receive a 1099B
• Choose Everything Else as the asset sold
Enter the information about the sale of the house. On the Tell Us How You Acquired This House screen, indicate that you inherited it.
If the sale happened before your mother passed, you would include it in her final tax return. Include the sales information in the Less Common Income section under Sale of Home.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.