I assume you weren't using the property as your main home.
This sale goes under
the heading Federal>Personal>Investment Income>Stocks, Mutual Funds,
Bonds, Other. When you get to the screen "Choose the type of
investment you sold," select second home or land, whichever is correct
TurboTax will ask what your basis was in the property. For tax purposes, your basis in the property is the fair market value on the date the previous owner died. In most cases where the property sold soon after the death, there is no taxable gain on the sale.
