Graceful17
Level 1
03-06-2020
11:05 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
MY CLIENT'S SPOUSE SOLD AN INHERITED REAL ESTATE PROPERTY THAT IS NOT HER MAIN RESIDENCE. DO YOU STILL USE FORM 8949 OR ANOTHER FORM?
Labels
George4Tacks
Level 15
03-06-2020
11:19 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
PATIENCE! Wait for a response to your first question.
Answers are easy. Questions are hard!
Level 10
03-06-2020
11:19 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
enter on Schedule D... then will flow to the 8949
If an answer solves your issue, click on the "Accept as Solution" button! Makes it easier for people to find answers to similar questions that have already been posted.
Graceful17
Level 1
03-08-2020
01:01 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Basically, what I need is information concerning where, on Schedule D do I enter the inherited real estate transaction. Mostly, I see entries for sale of stock/mutual funds sales, and not for 1099-S information, I need specific line item entry direction. I realize this is a basic inquiry. However, I desire to enter the information correctly.
sjrcpa
Level 15
03-08-2020
01:19 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Enter it the same as for a stock transaction. In this case you will choose "not reported on 1099-B"
The more I know the more I don’t know.