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I received 1/3 of the proceeds from the sale of an inherited home and received 1099-S form. Where do I document?

 
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KrisD
Intuit Alumni

I received 1/3 of the proceeds from the sale of an inherited home and received 1099-S form. Where do I document?

You can enter it as a sale of home, and select inheritance. The sale should not be taxable if you did not hold on to the property before selling. 

Please follow these instructions:

  1. Open your return in TurboTax. (sign in to TurboTax and select Take me to my return button.)
  2. In the search box, search for sold second home and select the Jump to link in the search results.
  3. Answer Yes on the Did you sell any investments in 2018? screen.
  • If you land on the Here's the info we have for these investment sales screen, select Add More Sales.
  • Answer No to the 1099-B question.
  • On the next screen, select Second Home (choose this also for inherited homes) or Land. Select Continue.
  • Follow the instructions to completion.

  • Unlock tailored help options in your account.

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