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posted Jan 29, 2021 5:59:30 PM

I recieved a 1099-S for the sale of an inherited property. The total amount was divided among siblings. How do I report this income?

Reported the income under Stocks, Mutual Funds, Bonds, Other. Put the total value of appraised property at time of sale. Turbo is showing a loss. How do I report the properly

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1 Replies
Level 15
Jan 29, 2021 6:02:41 PM

Did ONLY you get a 1099-S reporting the entire sale under your SS# ?   Or did you each get a 1099-S reporting the individual portions under each person's SS#?