PaulaM
Employee Tax Expert

Get your taxes done using TurboTax

I think in your situation, you need to break the sale into two events. One for just the inherited portion and one for the purchased portion and allocate the sales proceeds and expenses. The inherited portion will be a long term sale and the purchased one a short-term sale.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post