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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:
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