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Get your taxes done using TurboTax
Thanks for your reply. My problem is, I am not sure where I enter the "Reset Market Value" upon the date of my spouse died. I see the column, "increased value" . Is this the place to enter the differenes between Purchase price and Market Value ? I read it will be reset to step up value upon my spouse death. I read some TurboTax expert was suggesting to another similar Q & A in 2023, The answer was that the base of reset value will be Purchease price + Market Value upon the date of death = New Oveall Basis. ( I found this at xxxxwas not able to send this lik by Turbotax )
My another question is I recieved " Substitute of 1099-S from the Title company. Why does it say Substitute and what does it mean? Is this the official 1099-S?
Thank you,