mcguffer
New Member

Sold inherited property, assessed @$95k, FMV $69.9k, sold for $25k 16 mos. after death. How do I enter that info correctly?

 
Critter
Level 15

Deductions & credits

Sold $25K  .... cost basis is FMV at date of death + cost of sale .... use "inherited" for the date of purchase