Thanks for your reply and I appreciate your help. I had previously entered the information about the sale of this inherited property (from the final escrow statement and the 1099-S) as follows and it seems to be included as you describe even though I'm using TurboTax Deluxe rather than Premium. The information is included on a separate Form 8949 (separate from my other investment activities) and on Schedule D from Box C on that form. FYI, the property was sold right away once it was inherited, so there is no gain or loss. The process that I used is outlined in the bullet list below. Finally, I am a resident of a different state than the one in which this property was located and will need to file a return for that state as well.
- Added the sale in my investment screen.
- Selected "no" to whether I received a 1099-B.
- Shown as "Inherited home" on the Form 8949.
- Entered property tax info, including the Buyers Part, in my property tax screen.
- I haven't yet entered the small amount of mortgage interest shown on the escrow statement.
My question becomes what am I missing by not upgrading to Premium? And if it is important to upgrade, will the information already entered be brought over to the new program return?
Thanks, I look forward to hearing back.
