How do I report a 1099-S for an inherited house in turbo tax? The proceeds were under $60,000 so my understanding is that it falls under the threshold to pay taxes on it, but since there is a 1099-S it still gets filed. I am using TurboTax Home & Business.
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Yes, you have to report this sale because you received a 1099-S. Here's how to enter it in TurboTax Home Business:
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