The sale should be reported in the Investments section. Only your share is shown, so if the house sold for $150K then you show $75K (if you have half).
The cost or basis in the house would be the Fair Market Value on the date of death.
The sales price should be reduced by selling expenses, such as closing costs, commissions, fixing up and cleaning costs.
Due to inherited property, you get Long-term capital gain or loss treatment, which is more favorable.
Due to the stepped up basis in the house, the gain or loss is generally small. Sometimes due to selling costs, there is an actual loss on the sale.
To enter your Inherited House sold
Click on Federal Taxes
Click on Wages and Income
Click on I'll choose what I work on
Scroll down to Investments
On Stocks, Bonds, Other, click the start or update button, put the house under Other.
