Hal_Al
Level 15

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Couple quick questions regarding sale of inherited home with my siblings and received a 1099-S.

Q1) Enter as investment and answer "NO" to receiving 1099-B? 

A1). Yes

 

Q2) Can I enter address as the description?

A 2).  Yes. 

 

Q3) Do I enter cost basis and proceeds as 1/5 of sale price, as my 4 siblings and I split expenses ?

A3). Yes