Since you didn't report this property as a rental, this is treated as the sale of an inherited property.
Enter this under Stocks, Cryptocurrency, etc.
- Add a new investment (at the bottom), choosing "Other" investment type.
- Enter a description like "Inherited Residence"
- Type: Second Home or Other
- Inherited it (important - it's always considered held long term which provides a special tax break)
- Description: Address is a good choice
- Date of sale
- Proceeds from Form 1099-S
- Fair Market Value (read "Learn More" link)
- Enter sales expenses (if any)
TurboTax will calculate the gain (if any). You won't report a loss.
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