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If this was inherited and sold soon after, there will be no tax.
Enter the 1099-S into your TurboTax program and select that it was inherited.
The IRS will look for the 1099-S to be reported by the person to whom it was issued.
Some states tax inheritances, so if this is your case, you might need to make an adjustment on the state return, or ask your siblings to pay part of the increase in your state tax.
Since the 1099-S was issued to the estate, the sale is reported on the 1041 Estate tax return, and not on any personal return.
The proceeds received by each beneficiary are not reported anywhere on their individual 1040 tax returns.
So an estate tax from needs to be filed when the estate is less than 12 million dollars
An estate tax return would need to be filed for federal tax purposes in any year it had more then $600 in gross income. The sale proceeds from the house would not generate income unless the house was sold for more than its fair market value on the day the estate was created. If so, the gain on sale would be considered income.
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