hborton
New Member

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?