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Sold $25K .... cost basis is FMV at date of death + cost...
mcguffer
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Sold inherited property, assessed @$95k, FMV $69.9k, sold for $25k 16 mos. after death. How do I enter that info correctly?
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TurboTax Premier Online
June 6, 2019
6:10 AM
Critter
Level 15
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Deductions & credits
Sold $25K .... cost basis is FMV at date of death + cost of sale .... use "inherited" for the date of purchase
June 6, 2019
6:10 AM
