DZimm4372
New Member

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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.