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grandyjay
New Member

Get your taxes done using TurboTax

In September  2019 I inherited a house from my aunt.  Her estate valued it at $204,000.

In December 2019 I sold the house.  I received a 1099-S from the title company.  The sale price was $185,000 and after closing  costs I received $169,801.  How do I enter this information on my return?

Get your taxes done using TurboTax

@grandyjay If you did not use the home for personal purposes at any time after her death, enter the sale under Stocks, Mutual Funds, Bonds, Other and be sure to select that you did not receive a 1099-B and also be sure to select Second Home as the type of investment. Further, ensure that you select Inheritance as the manner in which you acquired the home.