Sale of inherited house in New Mexico

[Colmatt]

Received 1099-S for inherited home sale.  I understand it is a long term asset sale and in this case a loss after closing costs taken into account.  I have entered it directly on schedule D which flows to form 8949.  Nowhere does it let me note it was a 1099-S.  Am I missing something in the program or does it not matter?

Client is in CT. Do we need to file a NM - Nonresident return for the sale?

Thank you and please correct me if I'm wrong.  

[sjrcpa · Accepted solution]

"Nowhere does it let me note it was a 1099-S"

It doesn't matter.

New Mexico will probably want a tax return showing the gross proceeds from the 1099-S. Read the NM instructions under Who Must File.