SharonD007
Employee Tax Expert

After you file

You will need to upgrade to TurboTax Premium to report the sale of an inherited home.  You will  enter the 1099-S in the Investments section of TurboTax and it'll be reported on Schedule D.  

 

Refer to the TurboTax article  Where do I enter the sale of a second home, an inherited home, or land on my 2024 taxes? for more information for navigation instructions.

 

You will need the basis of the inherited property, which is the fair market value on the date of the decedent's death.

 

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