R-S2
Level 1

Sale of Inherited House

I have a substitute Form 1099-S for the sale of an inherited house. There were 9 total inheritors. The form only shows the basic information. The settlement agent, the tax ID number, the seller name and address and tax id number. It only has 6 boxes. They are date of closing, gross proceeds (1/9 of sale), address of property, box 4 is blank - it is for services received, box 5 is blank - not a foreign person, block 6 is marked .00 as buyers part of real estate tax. The house was sold for a loss. The total tax value was 345,000 and it sold for 299,000 because of condition. I can find no way to list this. I did a search and found several answers and all referred to a jump to link that I was supposed to see. I did not find it. I did purchase the premier edition and am a long time user of turbo tax and have never had an issue before.