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Get your taxes done using TurboTax
Thank you for answering. Looks like way back when we inherited the property I entered half of the home’s value at that time. I did receive a 1099s from the attorney and so I entered the figure on that form, which was half of the sales price. I also entered half of the expenses listed on the closing documents.
We also had some expenses prior to listing in order to prep the house for showing. Do I enter those in the same area where I usually enter rental income and expenses, or add it to the expenses from the closing documents for the sale?
January 19, 2021
3:38 PM