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Thanks everyone. I plan to adjust the basis.
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To report capital improvements that were made the same year of sale of the rental property. Is it proper to enter them as a separate asset and report them as so...
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I can't access intuit.link, is anyone else having problems?
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Yes, that's correct just his share of the proceeds. Thanks so much. I will have him reach out to the attorney on Monday for a corrected 1099. I've been down a r...
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He said he was not executor of the estate. House went from mother in law, to wife and her siblings. He inherited his deceased wife's portion.