- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Years ago, when my father passed away, my siblings and I heard from other relative about the complex sales of several properties in the county in California where I live. The sale was done by my great grandmother, based off the will (our understanding) that her husband left. The properties were and are ongoing quarry operations, with sand, granite being taken out. This is where a new very huge construction company now runs these quarries. Of the research I have attempted to do on my own, I find that the construction company is paying the property taxes. And what started out as royalties being paid out to the oldest adult of each family, who within each family distributed the monies out to their siblings, and now years and lives later, something that happened when I was just a little kid, have now fallen in my older sister and my lap. Since she is the oldest. The huge construction company had continued to deposit into our parents estate bank account quarterly payments, and just this last year my older sister gets this 1099-Misc. We have no other information, I agree with you telling me that we must have some ownership interest or we would not being getting paid any monies. But at this point in time it appears to me that my days of doing my own taxes on TurboTax have ended, as this is way past what I can handle or from what I am seeing what Turbo Tax can. I normally use Turbo Tax Deluxe, as was my sister, and we both get completely different dollar amounts on this when we did and or doing our 2021 taxes. I show I do not owe her the same amount in taxes that she comes up with. Some of the answers given to my question sound ok, until I do them on Turbo Tax, and it gets really confusing and messed up. Some of the answers a simple, and if it were not my sister and I coming up with completely different dollar amount of taxes due, it would work, but getting the different amounts is what is a major issues now between us, I asked the question as simple as I could, but I guess due to that, that is why some of the answered solutions do not seem to be working. If this is my last posting, I do thank all of you who have given me the advise of what to do. I would like to stay with Turbo Tax, and not deal with lawyers or tax people, but having a few years of life left, this will come up each year until I am gone ... and then it gets dumped into my children's laps and it will start all over again. Somehow I think their is someone at this huge construction company just sitting back laughing ....