rivkah
Level 3

Okay   I am having a mental block...

In prior years I reported inherited residential property as long term gain, form 8949, Part II, for long term sale (not stocks/bonds. etc)

But, for 2020, I seem unable to locate the correct section where to report this sale, reported on a 1099-S. No longer does it appear appropriate on form 8949, which only seems to referrance 1099B sales.

 

Help!

   

0 Cheers
BobKamman
Level 15

Use the 1099-B worksheet, which I open from Schedule D (might be faster way to find it).  Scroll down beneath where 95% of the data is entered for "covered" transactions and enter the sale there.  There's even a box to check to show that it's NOT reported on a 1099-B.  (Sort of like, the way to Stop your computer is to click on Start.)

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rivkah
Level 3

thank you