Get your taxes done using TurboTax
The enter the sale of a home in an estate return, please follow these steps:
- Click Federal Taxes > Income.
- In Investment Income, click the Start/Update box next to Home Sales,
- Go through the screens, enter the address and sales information.
- You will be able to enter the Basis of the Home on the next screen. If you want to make a note on the additions to basis, right-click on the Basis of Home box,
- Select Add Supporting Details from the list. [See screenshot, below.]
6. You will be able to make entries on the list and the total will transfer to the main screen. [See screenshot, below.]
For more information on Basis, please see IRS Pub. 551 - Basis of Assets.
