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Level 1
April 11, 2026
Question

Sold inherited home

  • April 11, 2026
  • 1 reply
  • 32 views

My wife inherited mothers home with two sisters after mothers death in 2020. They sold it to my niece in 2025.  How does this get reported

    1 reply

    DoninGA
    Level 15
    Level 15
    April 11, 2026

    Entered as an investment sale -

     

    To enter an investment sale -

    Click on Federal Taxes (Personal using Home and Business)
    Click on Wages and Income (Personal Income using Home and Business)
    Click on I'll choose what I work on (if shown)
    Under Investment Income
    On Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B, 1099-DA), click the start or update button


    Using the online editions -

     

    On the screen Did you have investment income in 2025? click on Yes

    On the screen Save time and connect your financial accounts click on Enter a different way

    On the screen How do you want to add your docs?, select Type it in myself

    On the screen OK, let's start with one investment type, select Other and continue