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- Sale on inheritance home and split between siblings taxable?
Sale on inheritance home and split between siblings taxable?
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txprepare2025
Level 1
Friday
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Hi,
A friend's sibling passed away in 2022. The property the deceased own left the home to her 5 siblings. The main person in charged, my friend received instructions on how much percentage each sibling will receive if they sell the home.
My friend received a 1099-S for the estate that was sold. Do each person claim the portion of the sale as a capital gain?
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BobKamman
Level 15
Friday
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