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-   -   If loss on sale of inherited property is not deductible, how do you report 1099S? (https://www.askmehelpdesk.com/showthread.php?t=453645)

  • Mar 2, 2010, 07:30 PM
    lucy3054
    If loss on sale of inherited property is not deductible, how do you report 1099S?
    Sale of inherited property
  • Mar 3, 2010, 07:30 AM
    ebaines

    You can report the sale on Schedule D. Complete columns (a) through (e) -- your cost basis is the fair market value of the property as of the date of death. If you have a loss, put $0 in column (f).
  • Mar 4, 2010, 05:18 AM
    MukatA

    If the property was home property, loss is not deductible. It it is business property, loss is deductible.

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