need help, please.
In 2019, my mother passed away and named my sister and I the executors of a trust that owned land via a TOD. My sister & I sold the land in 2019 for the County auditors evaluation amount less lien insurance(~3% of value). Then distributed the money between our siblings (11 of us). During the process, our lawyers told us there should be no tax implications as we sold for less than market value and family had owned the empty, not used land since the 1970s. However, I am not able to determine how to properly enter the transaction in Turbo tax Premier.
When I enter under under 'other investments in 2019' then select land, it acts as if the entire amount is income.
