Hello,
My mother passed in Nov of 2024 and my sister and I inherited her home at 50% each. The fair market value of the home was 550k when she passed. My sister and I sold her home for 550K in August, 2025 and we each got a 1099-s for 275k. We also had approximately 3000 in closing costs (no realtor used), and we also spent 35K on a new roof and A/C unit so the home could be sold. I need help putting this information into turbotax premier so I don't make any mistakes.
Thanks in advance!
