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posting sale of an inherited home with multiple heirs
My uncle passed away and owned 3 homes that were passed on to my 4 siblings and myself. The homes were in disrepair so they were sold under the assessed value at time of death. Each 1099-S has the amount that I was paid for the proceeds, which was 20 percent of the NET PROCEEDS but there doesn't seem to be a place in Turbo Tax to put my portion of the basis value. It is very unclear, and I even paid the tax professional in Turbo Tax to help, but have not been helped with how to enter these numbers. I assume that each transaction will be handled the same, but I can't even get answers for even 1. Any help is appreciated
‎April 3, 2025
1:34 PM