You'll need to sign in or create an account to connect with an expert.
It sounds like you received a 1099-S for the sale of your parents' home. Since you have no capital gain, you will not have to pay any tax on the sale, but you do have to report it. You will report that in the same section that you would report stock and other investment sales. To enter:
It sounds like you received a 1099-S for the sale of your parents' home. Since you have no capital gain, you will not have to pay any tax on the sale, but you do have to report it. You will report that in the same section that you would report stock and other investment sales. To enter:
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
kennon1967
Returning Member
b35970191e11
New Member
kennon1967
Returning Member
mica534446
New Member
shellybelly765
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.