MarilynG1
Expert Alumni

Deductions & credits

If you have an appraisal (or other documentation) of the property as being under 100K in value when it was gifted to you, you don't need to file Form 3520.

 

Here's IRS Instructions for Form 3520

 

In TurboTax, here's How to Enter Sale of Second Home, Inherited Home or Land.

 

 

 

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