AmyC
Expert Alumni

Investors & landlords

Yes. Make sure you have long term selected and double check your entries against my answers below. In the desktop program, you followed the steps above your post to 1099-B, No then:

  1. I'll enter one sale at a time
  2. Continue
  3. Description, Inherited house (or the address)
  4. Date sold, sale date
  5. Date acquired, inherit
  6. Sales proceeds, 1099-S amount
  7. Basis, inherited value plus sales expenses
  8. Holding period, long term
  9. Continue
  10. Done
  11.  
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