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2 replies

JohnB5677
JohnB5677
Alumni - Intuit
Feb 20, 2024 3:29 PM UTC

Please clarify your question.

 

  • Who had to sell the home?
  • What was your relationship to "he and his sister"?
  • Did you get a value of the home when they inherited it?
  • Did the brother or sister ever live in the home?
  • How long was it from the time they inherited it until they sold it?

Please contact us again and provide some additional details.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"
fanfare
fanfare
Level 15
Feb 20, 2024 7:24 PM UTC

report the same on Form 8949 whether or not you got  a 1099-S.

 

if two persons are involved, prepare all amounts as if there were one owner.

then multiply all those amounts by your percentage share to get the amounts for your own tax return.

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