Okay, it is a little different in the version you are using. On the screen with the 'accrued market discount', scroll down and click on Done. Then indicate NO, this is not employee stock. And the next screen is where you will see The reported sales price did not deduct all fees or selling expense.
You can use the next item on that screen to indicate that only 1/4th of these proceeds belong to you. You are correct, each of you will claim 1/4th of this transaction on your own tax returns.
Transactions involving property inherited from a decedent who died before or after 2010 are always long-term transactions. In this case "inherited" may be entered in the "date acquired" column. If you type in inherited in that box, TurboTax will automatically change the holding period to long-term.
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