Hi. Sorry, I was answering another question. So, you need to look at Schedule D. That is the capital loss/gain schedule. You will enter the property as "inherited" and the selling price. Then under cost or basis, you will enter the FMV on the date of death. The difference between the two is the gain or loss. Make sure you enter the number of costs associated with the sale to lower the gain. I will give you a link to those allowable costs. The first link has screenshots to show you a sample 1041. I cannot add in the comment section.
<a rel="nofollow" target="_blank" href="
https://ttlc.intuit.com/replies/3648116">https://ttlc.intuit.com/replies/3648116</a>
<a rel="nofollow" target="_blank" href="
https://www.irs.gov/publications/p559">https://www.irs.gov/publications/p559</a>
