Thank you for that info. We had both properties appraised at the time of passing. The house sold for more than the appraisal price, and created a capital gains situation. If I enter the property in the business section (rental properties and royalties) I can only enter date acquired, which appears to create a short term capital gains situation. If I enter in the personal income section (investment income) I am able to enter "inherited" in the date acquired portion, which seems to create a long term capital gains situation. I want to make sure we do not pay unnecessary tax (short term vs long term capital gains) on the gain selling the house.
