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Filing 1099-S Sale of inherited lots/land
How do I report in TurboTax a 1099-S for the sale of lake lots in 2024 which I inherited in 2019. The inherited value was essentially the same as the sale price in 2024. I think I should be able to show this as a "wash" but don't know how to show that. There also were closing costs and a 10% commission expense.
March 17, 2025
8:19 PM