thom
Level 2

selling inherited rental house

I am so confused about selling an inherited property that was used for rental. The house was jointly owed by my wife & her brother. Do I enter entire sales price & let Turbo-Tax calculate? Do I need to really know structure price & land price? I received a1099-S but where do I enter it in Turbo-Tax Premier? Is the sale treated as business property or inherited? I'm sorry for so many questions but my head is spinning. Thanks