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Level 3
April 2, 2023
Question

I need to report the sale of 3 lots that were inherited in 2012 and sold in 2022. Is this sale reported on disposition worksheet with A as property type?

  • April 2, 2023
  • 1 reply
  • 15 views
Are there additional forms to complete for the sale?
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1 reply

Level 6
April 2, 2023

I would use the 1099B worksheet. Check the "Transactions were not reported to IRS" box (if True). Then enter the relative information. It should be a code F.

Just-Lisa-Now-
Intuit Community Champion
April 3, 2023

Yep, 1099B worksheet, use Inherited as the Acquired Date and it will automatically make it Long Term

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
SKC2021Author
Level 3
April 4, 2023

Thank you!!