Half of property inherited when father died; another sixth when brother died and another third when second brother died. 1099 S show one sale amount. Do I report as three seperate transactions and split 1099 proceeds accordingly or do I show as one tra
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1 Best answer
Zbucklyo
Level 9
Jun 4, 2019 2:17:54 PM
You only want to enter the transaction once. The complication will be figuring out the cost basis for the property, when you inherited different percentages at different times.
1 Replies
Zbucklyo
Level 9
Jun 4, 2019 2:17:54 PM
You only want to enter the transaction once. The complication will be figuring out the cost basis for the property, when you inherited different percentages at different times.