Hawk26
Level 3
03-25-2020
02:32 PM
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Son & Daughter jointly purchased ($240K) and owned Mom's home (non-investment). Mom died in 2019 and the house was sold for $215K.
Does the 1099-S get reported on Schedule D and since it wasn't purchased for profit-motive, how do I forego the "loss" on the sale?
Best Answer Click here
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