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Level 5
April 16, 2020
Solved

1099-s sale of life estate property

  • April 16, 2020
  • 2 replies
  • 16 views

Life estate home was sold after death of parent.  Proceeds split between three on separate 1099-s.  Using the stepped up basis as of DOD, there will actually be loss on the sale. Where do I enter on Pro-series? On worksheet and just check no 1099-B and enter rest and have it flow to 8949?  It doesn't mention 1099-S anywhere.

Thank you and I hope everyone is well.

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Best answer by IRonMaN

Schedule D

2 replies

IRonMaN
IRonMaNAnswer
Level 15
April 16, 2020

Schedule D

Slava Ukraini!
ColmattAuthor
Level 5
April 16, 2020

Very funny and thanks