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Inheritance under $250k and no 1099-S
I am the executor of my father's estate. We sold his home for $162,000. I was told by the settlement agent that I would not receive a 1099-S since the value of the home was under $250,000. Am I required to add the sale to my personal income tax? (note there are 3 beneficiaries to the estate). If so, where would I enter this information?
‎February 19, 2024
11:09 AM