I'm sorry for your father's passing.
Report the sale in the Investment section and choose 'Everything else' for type of investment sold.
Then enter the net
proceeds ($135,820) from the sale. Continue on to enter that the property was
inherited and the date of your father's passing, and the FMV at the date of his passing. Continue to the gain/loss computation. There should be be little to no gain computed if you sold the home 3 months after his passing.
If you inherited this property with other's, then enter your proportionate share of the basis and sale proceeds. For example: You had 2 other siblings that were also heirs. Each of you would record your 1/3 share of basis and net proceeds.
If you received a 1099-S form for the sale, make certain that it is for your share only. If not, contact the issuer for a corrected form.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
