Re: My uncle died without a will & property was so...
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Level 15

Deductions & credits

Generally, an EIN is obtained for the estate and the administrator (or other responsible party) prepares, or has a professional prepare, a Form 1041 for the estate; the beneficiaries then receive a K-1.

 

In this instance, your father will report that he received part of the proceeds as nominee for the other four brothers (that part will be subtracted from the total reported on his return). TurboTax does not really support nominee distributions for Form 1099-S.

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