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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Schedule D
Did you receive a 1099S, and if so, in who's name and SS or EIN was it issued to
Yes, she did receive a 1099-S under her name with her social security # as a a transferor.
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
Like Lisa said schedule D
I know schedule D, but where (which worksheet) do I input the proceed and cost ? Thanks
Can anyone help me how to input estate sale of home on schedule D ? Thanks
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