Hal_Al
Level 15

Deductions & credits

No special forms are required for the sale of inherited property.  You use for 8949 and Schedule D, the same as for the sale of any other capital asset (stocks, bonds, mutual funds, real estate).

 

For date bought/acquired, type *inherited*.   Type in the same numbers for  price sold and cost basis no special forms are needed.  If there was no personal use, between inheriting the property and selling it, you are allowed to claim a capital loss.  Due to expenses of selling, the sale of inherited property, shortly after inheriting it,  usually results in a loss.

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