My brother and I received my mother's house after she died via a transfer on death deed. I am assuming that this is considered inherited. We sold it 7 months after her death and we each received a 1099-S for our half. I have several questions.
1. In starting my taxes, when I got to the investments section of income, where I believe is where I report the sale, it only refers to a 1099-B. I looked for help and it says to answer No when asked if we have a 1099-B, but that question never is asked. Should I just answer the questions? I have Turbo Premier for 2023 taxes.
2. When it asks for the gross proceeds, do I list only my half or the total sale because it then asks for the FMV. If I only list my share of the gross proceeds, do I then only list half of the FMV?
3. I assume when I get to the section about the costs associated with the sale, from the HUD form, that all of that is half as well, would that be correct?
Thanks
