SharonD007
Expert Alumni

Deductions & credits

Yes, the funds are reported on your tax return. You will use the information from Form 1099-S when you enter the sale from your inherited property.  The sale will be entered in the Investment Section of Income & Expense. Refer to the TurboTax Help article Where do I enter the sale of a second home, an inherited home, or land on my 2024 taxes?

 

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