dmertz, I think you hit every question that I had. I'll enter the K-1, as it was prepared, and NOT the sale of the home. This would also mean I do not have to e...
No I'm not suggesting that at all. I'm responding the turbo tax answers. I'm looking for the best informed way to enter the K1. Apparently there's an issue on h...
That's what I was told to do originally using 1/3 of the proceeds and 1/3 basis since there is 3 of us. However, since the estate accountant read the settlement...
thank you for your response.follow up Question: It's my understanding, if inherited house is not for personal use, it can be considered for a capital loss of cl...
Yes, the estate will file 1041.My question pertains to my personal taxes. Do I need to claim sale of house if no 1099S as issued, since home sold for under $250...