My brother and I received a house via a transfer on death deed which is permissable in my state. We sold the house, and each received a 1099-S for the proceeds (each received equal half). When I go into TurboTax Premiere, instructions tell me to put the sale under investments. Within those instructions it only refers to a 1099-B and says to say No when it asks about a 1099-B. I never get that question. I asked the question and someone answered to but it under Less Common Income but that only refers to the sale of primary home. Here are my questions:
Do I ignore that it says 1099-B and go on to input the information?
For FMV do I divide that in half since my 1099-S is for half the sale amount?
For the HUD paperwork/fees, charges etc. do I divide those in half as well?
Thanks
