I inherited a property in 2009 with a FMV of $5,000. The property was foreclosed on and sold at auction in May 8, 2021. I filed a claim to receive the excess proceeds from the auction. The county finally approved my claim in the summer of 2023 and sent me a check for about $12,000. How do I enter this data in turbo tax?
I went to the section for sale of second home, land, etc and started to enter in the information, but then it asked when the property was sold, so I put May 8, 2021, but it said it had to be from this tax year of 2023. I filed a claim but it didn't get approved until 2023 and the proceeds were sent in the summer of 2023. So I'm not sure how to enter this data?
