You report it as a second home sale in TurboTax as follows:
1. Go to the "Federal" section of TurboTax and click on "Income and Expenses"
2. Look for "Investment Income" and click on "Stocks, Mutual Funds, Bonds, Other"
3. Answer "No" to the question about receiving a form 1099-B
4. When asked what type of investment sold? answer "Second Home"
5. Enter the property address of the house sold and the proceeds reported on the 1099-S
6. Indicate that you inherited the home
7. Enter the date and fair market value of the home when you inherited it
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