Hi TaxSea, I had the same situation this year as we sold my parents home last year. I use Premier also and so
A. I went to Fed Taxes in step by step and
B. under wages and income go down to
C. Investment income go to first tab: stocks, bonds, Mutual funds and
D. select update and add more sales.
E. Then I entered the description of the property and added Inherited home,
F. then add info such as dates acquired and sold cost basis and sales proceeds,
G. and then the box i checked is long term (Box F) because we had inherited several yrs earlier.
This copies to Forms Schedule D, Form 8949, Form 1099 B wks, and Capital asset sales. Hope this was helpful.
