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Sold my parents house, held in a family trust, and received a 1099-s how to handle
I am the trustee of the family trust which has its own federal tax id# . My father lived in the house over 20 years until the year it was sold (2016). The Title co. sent 1099s with gross proceeds. The house had a reverse mortgage on it. How to handle?
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June 3, 2019
12:47 PM
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Investors & landlords
http://finance.zacks.com/pay-taxes-sale-home-trust-7676.html I found this link helpful. I haven't had to deal with a 1099s as yet, but thought finance.zacks.com was helpful with good information.
June 3, 2019
12:47 PM