topic 1099S-Net Proceeds/FMV boxes. 6 kids inherited moms house upon her death. Sold for 146K. Each of us receiving 24K. Do I just use the 24K for both Net Proceeds and FMV? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/1099s-net-proceeds-fmv-boxes-6-kids-inherited-moms-house-upon-her-death-sold-for-146k-each-of-us/01/285505#M34726 Mon, 03 Jun 2019 17:33:35 GMT raybyrd 2019-06-03T17:33:35Z 1099S-Net Proceeds/FMV boxes. 6 kids inherited moms house upon her death. Sold for 146K. Each of us receiving 24K. Do I just use the 24K for both Net Proceeds and FMV? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/1099s-net-proceeds-fmv-boxes-6-kids-inherited-moms-house-upon-her-death-sold-for-146k-each-of-us/01/285505#M34726 Mon, 03 Jun 2019 17:33:35 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/1099s-net-proceeds-fmv-boxes-6-kids-inherited-moms-house-upon-her-death-sold-for-146k-each-of-us/01/285505#M34726 raybyrd 2019-06-03T17:33:35Z Yes if the house did not appreciate between the date of h... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/yes-if-the-house-did-not-appreciate-between-the-date-of-h/01/285513#M34729 <P>Yes if the house did not appreciate between the date of her death and the time you sold it. If it did, you would have had a gain.</P> Mon, 03 Jun 2019 17:33:36 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/yes-if-the-house-did-not-appreciate-between-the-date-of-h/01/285513#M34729 Coleen3 2019-06-03T17:33:36Z