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Deductions & credits
Thanks for your reply. Where in the TurboTax software can I enter as the basis what the FMV was on the date of his death? There's a place to enter the selling price but when I used the "Easy Guide to Help Calculate the Adjusted Cost Basis," there was nowhere to enter the value of the home on the day my husband died.
I'm worried about a loss on the second home looking suspicious because I also sold our primary home a couple of months before selling the second home, and I took the exclusion for that. So I had no taxable gain on the primary home either.
‎February 22, 2025
5:26 PM