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Inheritance from sale of home out of state
My siblings and I inherited my parent's home and the home was sold in 2022. I am using home and business turbo tax, but cannot find out where I add this. I looked up in questions that I need Form 1041 and that I now need to purchase Business Turbo Tax. My brothers have already filed their taxes (the live in the same state as our parents, I do not). With the repairs and work on the house before sale, they were told there would not be a capitol gains tax. Where do I input the information about the sale and my portion of the money used for repairs and such? Which Turbo Tax do I need - I finished business and personal and cannot find any area that applies to inheritance.
‎April 9, 2023
2:15 PM