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Deductions & credits
do not have one
Strange, Forms 1099-S are almost always issued. Was it issued to someone else?
Several other questions to clarify this sale as it's still not clear what happened.
- What type of property was it (Dad-in-laws principal residence, rental property, investment property, etc.?
- Was it sold before or after Dad-in-laws death?
- Did Dad-in-law die
- If after death, were the children added to the deed before death, or did any of them live in the home after death?
spent most of money on travel trailer.
That part is clear - what the proceeds were used for have no effect on whether the sale as taxable or not.
‎June 6, 2019
3:43 AM