Get your taxes done using TurboTax

Before you enter information into TurboTax you need to know the basis of the home sale.  That is the value of the hone on the day your mother died, put any money that you spent on the home before selling it, and any cost of selling the property.  Any taxes, real estate commiissonis, advertising, or repairs to the home that you paid after her death.

You will need to use TurboTax Premier to report this income.

In the search bar in premier type in Sold Inherited home and pick Second/Inherited home or land.

Go thorough the interview questions.  It is an inherited second home.  Proceeds is the amount that the home sold for.  When it asks for fair market value, click learn more to understand how to calculate that figure.  

@ JEFFREYSR