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Level 2
March 6, 2020
Question

SALE OF INHERITED HOME THAT IS NOT A MAIN HOME (FORM IN ;IEU OF FORM 8949).

  • March 6, 2020
  • 4 replies
  • 34 views

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?

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4 replies

George4Tacks
Level 15
March 6, 2020
Answers are easy. Questions are hard!
dd4vols
Intuit Community Champion
March 6, 2020

enter on Schedule D... then will flow to the 8949

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Level 2
March 8, 2020

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
March 8, 2020

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.