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Deductions & credits
Enter the sale under the Investment Income section, Stocks, Cryptocurrency, Bonds, Other subsection in Turbo Tax. Be sure to indicate that the property was Inherited. Enter Sales Proceeds ($108,125), Fair Market Value at time of death ($108,000), and Sales Expenses ($11,075). This will result in a capital loss of $10,950.
‎January 24, 2025
2:47 PM