MikeR5840
Returning Member

Proceeds From Real Estate Transaction

My wife's father died in 2019, her dad and uncle were joint owners of some undeveloped land. The land sold March of 2020 and we received a 1099-S Proceeds From Real Estate Transaction showing her portion of money received from the sale. Do I include this Gross Proceeds (and where) in my taxes for 2020, would it be Capital Gains?