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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.
‎January 28, 2025
11:12 AM