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Deductions & credits
Hello
I have a couple questions please. In June of 2021, as the executor of my Mother's Estate, I sold her house. I have not received a 1099S. My brother and I received equal amounts of thee proceeds from the sale. I am assuming I still need to report the sale (stepped Up basis so no tax)? Do my brother and I both report the sale as inherited? Or can I just report the total sale? Which forms will I need to use (maybe Turbo Tax figures that out)?
Thanks Bruce Bryant
‎February 15, 2022
8:07 AM