Where do you put that an inherited house was shared by siblings?

kattfrog · ‎April 15, 2026

I only inherited 25% of the home but it doesn't ask that anywhere. assumes I inherited the whole thing.

DavidD66

If you are reporting the sale of an inherited house that you and three siblings co-owned, then you should only report 25% of the proceeds and 25% of the cost basis. You don't indicate anywhere that your siblings were co-owners.

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DavidD66

If you are reporting the sale of an inherited house that you and three siblings co-owned, then you should only report 25% of the proceeds and 25% of the cost basis. You don't indicate anywhere that your siblings were co-owners.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

fanfare

use "25% of inherited home" in description.

Note: this goes on Form 8949 Page 2.

divide all full amounts by four.

If you have a 1099-S, report the sale exactly as you would if you did not receive a 1099-S

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Where do you put that an inherited house was shared by siblings?