ChiHoang
Level 5
‎03-09-2021 11:28 PM

My client is a trustee of a trust which owns a house..  A trust was established by her aunt who passed away in June 2020.  The house appraised for $175000 and sold for $175,000 in Nov. 2020 with sale expense of $4,384.16.  How do I report the sale ? and what form ? Thanks

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Just-Lisa-Now-
Level 15
Level 15
‎03-10-2021 06:59 AM

Schedule D


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Terry53029
Level 15
Level 15
‎03-10-2021 09:00 AM

Did you receive a 1099S, and if so, in who's name and SS or EIN was it issued to

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ChiHoang
Level 5
‎03-10-2021 09:07 AM

Yes, she did receive a 1099-S under her name with her social security # as a a transferor.

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ChiHoang
Level 5
‎03-10-2021 04:24 PM

Which worksheet should I use to report the sale ? In ProSeries Basic, I see 1098-B worksheet (for stock bond sale), nonbusiness bad debt explanation statement, and home sale worksheet ( for primary residence). I don't think I can use any of those worksheets to report the sale. Please advise. Thanks

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Terry53029
Level 15
Level 15
‎03-10-2021 04:43 PM

Like Lisa said schedule D

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ChiHoang
Level 5
‎03-10-2021 04:48 PM

I know schedule D, but where (which worksheet) do I input the proceed and cost ? Thanks  

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ChiHoang
Level 5
‎03-11-2021 08:15 AM

Can anyone help me how to input estate sale of home on schedule D ? Thanks

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