Inheritance Reporting

My husband and three other siblings inherited a house from there mother that passed away in 2011. The house sold in 2011. We received a 1099-S from the bank. How do we report the $9,000 on the 8949 form and the schedule D form and on our 1040 form? Will we have to pay taxes on this? Please Help.

Sincerely,
Confused

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Income Tax Questions.


Please subscribe to my monthly newsletter, Bookkeeping Basics E-zine. It tells you each month about the new information that I have added, including some great tips and advice from myself and other Bookkeeping Basics readers.


Enter Your E-mail Address
Enter Your First Name (optional)
Then

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Bookkeeping Basics E-Zine.


Like Bookkeeping-Basics.net?