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Inherited home
3 of us inherited a home in Feb 2024. We sold the home in July 2024. We each got 1/3 of the proceeds which was $33,333.34 reported on 1099-s. The fair market value was $110,000. I entered
Type of investment - Other
How did I receive it - I inherited it
Descrip - inherited property/home 33.3% share of home
Date disposed - 07/03/2024
Proceeds - $33,333.34
FMV - $36,666.67
Is this the correct way to enter the info?
‎January 28, 2025
9:34 AM