@diycpa wrote:
Wonder if my $179 TurboTax Business software explained somewhere that the worksheet should NOT be used for inherited houses?
I will pass along that suggestion as it is absolutely a valid point.
The date of death can be entered as the date acquired in instances where the holding period is longer than one year. Of course, there is an issue when the home was acquired from a decedent and held for one year or less and the software should accommodate that scenario, which is common (or at least provide guidance).
