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Get your taxes done using TurboTax
Greetings good sir,
Couple quick questions regarding sale of inherited home with my siblings and received a 1099-S.
1) Enter as investment and answer "NO" to receiving 1099-B?
2) Can I enter address as the description?
3) Do I enter cost basis and proceeds as 1/5 of sale price, as my 4 siblings and I split expenses ( paint, carpet, cleaning) and proceeds evenly?
Thank you for your guidance.
‎February 20, 2023
9:09 AM