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    pcluemn's Avatar
    pcluemn Posts: 1, Reputation: 1
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    #1

    Feb 9, 2013, 12:55 PM
    How to report 1099-S received after sale of father's house
    Wife received $80,000 for sale of father's house after his death. We received a 1099-S. How should this be reported to the IRS? Thank you.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Feb 9, 2013, 01:04 PM
    I assume that your wife is the executor of his estate.

    If so, the sale is reported on the Form 1041 Fiduciary return tha the estate must file. Given the financial times, it is likely that there is NO tax due on the sale, but the return must still be filed.

    Contact a local tax professional with experience filing fiduciary returns. He will probably charge a $200 - $300 fee to file the return.
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