1/16 of step-grandmothers home inherited. Are taxes owed?
(Louisiana) My grandfather dies in 79 and left house to wife (step-grandmother), Son (uncle) and my father. She died in 2015 and uncle held succession until 2022. Uncle offered buyout of my 1/16. That 1/16 came to $10,000, less costs and atty fees. Ended up net at approximately $9300. Attorney sent 1099-S for $10K. It shows "Proceeds From Real Estate Transactions". I am 66, retired AND disabled. Haven't had to file in years. Now I have this confusion to deal with. My SSDI is unearned income and not reported. I have no clue on where to go on this one. Any info would be appreciated. Thank you.
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