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1099-S How to Fillout Form
My siblings and I inherited my mom's house after she died late 2022. Value at the time was 179,000. We sold it within 6 months in May 2023. Sale was only 172,000. I'm trying to account for sale in Turbotax Premier addition. I click on 1099-S tab under investments but after entering all of the information as a "second home" it says that your info should match your 1099-B exactly. Why is it referring to 1099-B form? Also, We did not receive a 1099-S from title company. There is no gain on the sale, just want to know how to account for this transaction?
‎February 12, 2024
2:05 PM