I inherited a property in Nov 2022. I started renting it out in April 2023. Stopped renting it in Feb 2024 and sold in August 2024. Which sections do I go in FreeTax USA? Do I report it as a sold assets, marking it inherited and only needing to do put in my Cost Basis and Sold Price? or do I need to go into the Rental…
Hello. My spouse and I are filing separate and received two 1099-S at closing splitting the gross proceeds. I meet the exclusion requirements and she doesn’t. When inputing this on tax returns, do we also split the selling price, original purchase price, and other costs (commissions, improvements)?
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