Level 11
02-27-2025
10:30 AM
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Sounds like.................... your client inherited a portion of the brothers 1/2 of the house and he received a 1099s for that share?
if so, you need the stepped up basis for the portion your client inherited as of DOD and your clients portion of (if any) of expenses, etc. Report on Sch D.
If at first you don’t succeed…..find a workaround