How to file a 1099-S of a property I did not own

[KurtisK]

I have received a 1099-S for a property my grandparent owned after they passed away in 2015.

The property went up for tax sale in 2024 by the State to pay off the back taxes on the building and the amount over the back taxes was collected from the State by a lawyer and then distributed to myself and a couple of other family members and I have received a 1099-S for my portion I received from the state and the 1099-S was also filed by the local county government 

How or where do I file the 1099-S Proceeds from real Estate Transactions when doing my taxes.

[DianeW777]

File this 1099-S by selecting 'Other' when entering an investment sale.  Based on your comments, you did not live in the property as your home.

1. Your cost would be the value on the date of death of your grandparent x your percentage as beneficiary.
2. The selling price is on the 1099-S. 
3. The difference will be the taxable gain or loss.

To enter your sale in TurboTax, follow these steps. Click this link for more information. Where do I enter Investment Sales?

1. Open or continue your return.
2. Navigate to the investment sales section:
   • TurboTax Online/Mobile: Go to investment sales. If using this application, make sure it is open
   • TurboTax Desktop: Search for investment sales and then select the Jump to link. 
     • Or Personal Tab > Continue > I'll choose what I work on > Scroll to Investment Income > Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other
3. Answer Yes to the question Did you sell any of these investments in 2024? (or Okay! to Time to kickoff your investments!).
   • If you land on  the Investment sales summary or Your investments and savings screen, select Add More Sales or Add investments.