Where do I put info from 1099-S for sale of parent's house?

grandmadee1959 · ‎June 4, 2019

The 1099-S was from sale of Father's home who passed away and was not our home or investment. We have a "Parent-Child Transfer Claim for transfer exclusion. Don't know where to put on turbo tax?

MarilynG · ‎June 4, 2019

Sorry for your loss.

With the Parent-Child Transfer Claim for California, you are excluded from needing an Appraisal to determine FMV of property on Date of Death, and are allowed to use the Decedent's Basis in reporting the sale.

This information would be needed by the person(s) executing the Sale for you, in order to report the correct amount of Gross Proceeds on your 1099-S.

Here's info on entering your 1099-S for the sale of your father's home:

https://ttlc.intuit.com/replies/3302480

Edited 3/22/19 12:45 pm

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