not reported this year?

[btrflydrm63]

What is the name of your state?tn

Last year me and my two sisters recieved our fathers house as a gift that was sold and split equally. Ive been sitting here waiting on her to find out all the original info we needed to file it on our taxes. So I went ahead and filed my taxes without reporting it this year. If I report the sale next year, what kind of penalty will there be?

 

[Snipes5]

You'll have two years of incorrect tax returns, instead of just one.

Contact the title company to find out if you should be expecting a 1099-S.

Snipes