My client's dad quick claimed the deed for his home to my client in 2020. My client sold the home in 2024
and was never issued a 1099S. What form should I use to report the sale? Is the property considered investment property?
Sch D, use the 1099B worksheet, scroll down past the brokerage info to the entry table,
You've got the date sold, youve got the date acquired, youve got the basis and expense of sale, you've got the sales price, enter it like you would if it were a stock sale.
Did he ever live in home ? Did dad fill out form 709 ? Did dad pass ? lots of unanswered questions.
Is this other topic from you the same story:
No need to ask twice.
You don't have to be a lawyer or real estate broker to know the word is "quitclaim."
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