When you enter the sale of the inherited home in the program the result will be reported on the form 8949. Make sure to mark the box indicating you got a 1099-S form for the sale.
The TurboTax program
will cover this partial exclusion in the Sale of Home interview -
·
Click on Federal Taxes
·
Click on Wages and
Income
·
Click on I'll choose
what I work on
·
Scroll down to Less Common
Income
·
On Sale of Home (gain
or loss), click on the start or update button
