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I sold my home. My husband died. His children inherited his half of the house. How do I enter this in Turbo Tax?
I sold my home which we built in 2005. Form 1099-S shows the gross proceeds 325,000 and Allocation of proceeds to me of 162,500. My husband died in Feb of 2014, and I had a life estate until I sold it in Jul 2018. His children inherited his half of the house. How do I enter this in Turbo Tax? I have detailed accounting of house and improvements. What info on the basis should I send to the children?
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‎June 3, 2019
11:59 AM