rjs
Level 15
Level 15

State tax filing

@nello 

 

The screen shot that you posted earlier today is from the interview for selling your main home. Because I recognized the screen, I assumed you were entering a sale of your main home. I did not look back at your question from two months ago and see that you are talking about a sale of real estate that your wife inherited in another state and sold six months later. Since you are not selling your main home, you are in the wrong part of the TurboTax interview.


The first screen in the Sale of Home interview says "In this section we'll record the sale of your main home, your principal residence. . . . This does not include the sale of a vacation home or a second home. You'll report that in the investments section."


You should be entering the sale under Investment Income, in the same place that you would enter a sale of stock. In that section you will have no trouble entering "Inherited" for the acquisition date and having it treated as long-term. Delete the Sale of Home entry and enter it as an investment sale.