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pamurph52
New Member
posted
‎June 3, 2019 1:30 PM
last updated ‎June 03, 2019 1:30 PM

Sold a house in 2017. no rent collected.Put majority of sale into a annuity. How do I report this?

It was an inherited house
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Bsch4477
Level 15
Level 15
‎June 3, 2019 1:30 PM

Sold a house in 2017. no rent collected.Put majority of sale into a annuity. How do I report this?

If you sold an inherited house soon after the decedent died the basis is the value at the decedent's death so there would be no capital gain.  If you did not get a 1099-S you would not have to report the sale.

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Bsch4477
Level 15
Level 15
‎June 3, 2019 1:30 PM

Sold a house in 2017. no rent collected.Put majority of sale into a annuity. How do I report this?

If you sold an inherited house soon after the decedent died the basis is the value at the decedent's death so there would be no capital gain.  If you did not get a 1099-S you would not have to report the sale.

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