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1099-s inheritance property sale
I received a 1099-s for the sale of my grandfathers home. Split between 6 of us. There is a Decree that was created in 2019 stating that after the sale, $153,000 was to be paid to his wife. The gross amount on the 1099-s is before that payment was made. It was automatically taken out. How do I put this in as an expense so I don’t pay $25,000 more than what I actually received?
January 8, 2024
5:36 PM