ChannelD
New Member

Get your taxes done using TurboTax

Thanks for the help with this.  I read through the thread and it helped me get started.

 

I too inherited a house and sold it a couple months later.   It was just the time it took the transfer on death deed to be filed.  I hired a realtor and it sold pretty immediately. 

 

Assuming FMV to be the same as the sale, what is the best way to handle Proceeds and Cost figure on Schedule D?  Should I put the full house sales price for both?  Or should I put in the actual proceeds check amount I got after sale for both?  

 

There was a payoff and listing fees, but those all came out of the proceeds before I got it so I don't want to complicate things.   If it is acceptable to list it either way, then that would be helpful.