We (myself and 2 sisters) sold an inherited property from our mother. Property was sold Oct. of 2023. I received a 1099-S for the sale as executor of the estate. My question is can I claim the entire capital gain on my personal
taxes, pay the capital gains tax and be done with it, or do I have to split the "gain" between the 3 of us and each claim 1/3 on our individual taxes.
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if all 3 of you were the heirs to the property each needs to report 1/3
1099-s lists transferor's "Tin"? as EIN as assigned to the estate by the IRS / court Transferor's name is Estate of.........with myself listed as executor and my home address. My soc. sec. is not on the 1099-s.
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