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Gifted a home by quit claim , filed with county in my name then sold
I was gifted a home by a quit claim from my step father in October. No money was involved. I registered the title in my name. The property was sold in November to a cash buying company at 60% FMV. The title company issued a 1099S with gross proceeds as $390,000. The proceeds were divided with my sister and myself. How do I enter this into Turbo Tax.
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‎December 10, 2023
9:24 AM