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Received inheritance from sale of uncles house. What do I need to file?
My uncle died last year and i received some money from the sell of his house. I have a 1099-S and Form 1041 schedule k-1. I don't know how to file this.
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Received inheritance from sale of uncles house. What do I need to file?
On the 1099-S, which names appear as the Filer and the Transferor? On the K-1, which boxes in Part III are populated with numbers?
You would be best advised to contact the fiduciary (the executor or administrator) of the estate for clarification.
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Received inheritance from sale of uncles house. What do I need to file?
Did you receive a 1099-S for the sale of the home? If so, select the option below for step-by-step instructions on how to make entries:
Regarding the K-1, here's how to enter a K-1 in TurboTax Online:
- Open or continue your return.
- Search for K-1 and select the Jump to link in the search results.
- This will take you to the Schedules K-1 or Q screen.
- Answer Yes and follow the prompts. You may be prompted to upgrade to Premier, if you're not already using it.
- We’ll ask some questions about your K-1, and then you’ll enter the data from the form.
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Received inheritance from sale of uncles house. What do I need to file?
On the 1099-S, which names appear as the Filer and the Transferor? On the K-1, which boxes in Part III are populated with numbers?
You would be best advised to contact the fiduciary (the executor or administrator) of the estate for clarification.