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How do I enter the sale of home(not principal home) if no 1099S was issued?

joe7230
Level 2

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?

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4 Comments 4
Just-Lisa-Now-
Level 15
Level 15

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.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Terry53029
Level 15
Level 15

Did he ever live in home ? Did dad fill out form 709 ? Did dad pass ? lots of unanswered questions.

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qbteachmt
Level 15

Is this other topic from you the same story:

https://accountants.intuit.com/community/proseries-tax-discussions/discussion/how-do-i-enter-sale-of...

No need to ask twice.

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Don't yell at us; we're volunteers
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BobKamman
Level 15

You don't have to be a lawyer or real estate broker to know the word is "quitclaim."  

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