Anonymous
Not applicable

Get your taxes done using TurboTax

Thank you  M-MTax

 

My brother did sign a quit claim deed and the executor has a copy of it.

What to you mean by executing it?

The only software that I can find for non-professionals is Taxaxt.com and H&R block business.

Taxact will cost me about $200

H&R block business will cost me about $120 but I read where people have issues using the software.

so I will probably use Taxact or fill the paper work out manually.

 

My state is Georgia which has no estate form or tax on estate.

My understanding is you send Georgia the exact same paperwork that you send the IRS

https://dor.georgia.gov/estate-tax-faq

 

Can you restate this sentence.  I think there is a word missing.

 

Question 3 Where do I enter what we paid for commissions and closing costs?

You can the costs to the basis if the software doesn't allow you to deduct the costs from the sales price.

 

But I think your saying add the cost to the basis if the software does not allow me to deduct the cost from the sales price.

In Taxact under deductions there is a place for Fiduciary/executor Fees, property taxes, and Attorney, accountant, and return preparer fees. Which is on a separate form than the 8949

But I didn't see anywhere to deduct the real estate commissions.

I was kinda expecting it on the 8949 form because that is where you calculate your loss.

 

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Thanks again