MaryK4
Expert Alumni

Deductions & credits

You will enter as an Investment Sale/sold second home:

  1. Open or continue your return.
  2. Navigate to the sold second home screen:
  3. Answer Yes on the Did you have investment income in 2024? screen, then Continue. If you land on the Your investments and savings screen, select Add Investments.
  4. On the Let’s import your tax info page, click on Enter a different way.
  5. On the OK, let’s start with one investment type—choose Other then Continue
  6. Continue entering the information on your sale.

You would have a step up in basis, so you will enter the basis as the FMV on their date of death.

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