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How do I enter a 1099S for Proceeds From Real Estate Transactions that was received for an attorney for property not owned directly by the taxpayer?

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Level 1

There is no other amounts on the 1099 Misc

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Level 15

Not owned directly by the taxpayer?  Was the client the beneficiary of an estate?  You normally would enter it on the schedule D worksheets, but the basis appears to be up in the air at this point.

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.

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1 Reply 1
Highlighted
Level 15

Not owned directly by the taxpayer?  Was the client the beneficiary of an estate?  You normally would enter it on the schedule D worksheets, but the basis appears to be up in the air at this point.

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.

View solution in original post

0 Cheers