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Sale of inherited home - how to enter in Turbo Tax
My sister and I were deeded our mothers home upon her death in May of 2021. We sold the property within 4 months in as is condition and split the proceeds. We each received a 1099s. While I don't believe we should be charged capital gains, I am not sure how to enter this in turbo tax. Do we list it in the investment income section (Turbo Tax Premier), even though we did not receive a 1009-r or do enter it in the home sale section? Currently, I have it entered in the Investment income section, but want to make sure this is correct.
March 5, 2022
9:42 AM