I inherited property that was land, mobile home, and horse stables. The value of the property at the time of death was $225,000 and I sold it for $190,000 with closing cost of $16,781. The property was not used by anyone from the time of death until sale. I didn't think this would qualify as a capital loss but when I enter it into Turbo Tax Premier under Investments - Other and I specify it was inherited it shows a capital loss. Is this correct?
