Is there anyone I can call that uses Pro Series that can help walk me through where to put Information

Forum|Forum|3 years ago
March 29, 2023
1 reply
11 views

I have a client mother passed away there is a 1099 s, closing fees, attorney fees, then a 20000.00 dollar check for inheritance. I need someone who would be willing to let me call them to help me walk through where to put the correct information for this in pro series. I have never dealt with a situation like this before.

ProSeries Professional

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Just-Lisa-Now-

Intuit Community Champion

Sold after death? You've probably got a 1041 filing requirement, Whos SSN /EIN is on the 1099S?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

D

Dani70Author

Level 3

It is the daughters ss# who is my client and she is married FJ if that makes any difference.

Just-Lisa-Now-

Intuit Community Champion

Oh good, that makes it easier.

Sale of an inherited home will go on Sch D, use the 1099B worksheet and just skip over the brokerage section, to the entry table.

Use Inherited as the date acquired, that will make it Long term, put the sales price as the gross proceeds and the basis (FMV at date of death+ any cost of sale) in the Cost Basis box.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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