frenchy62
New Member

Where on TurbboTax can I find a form to indicate a partially (50%) gifted asset (condo sale) loss?

When my father passed away, my mother bought a condo for $109,000 in 2001 and my name was added to the deed at that time, although I never lived there. (Mom lived in Ohio and I in PA.) She sold it for $87,000 in 2016, a net loss of $22,000. We both received checks for $43,5000. I can't find a TurboTax form to indicate the partially gifted asset loss. (I did find the "second home received as a gift" under the Investment Income in Wages and Income section, but it only allowed me to take the total asset loss - which was OK federally - no taxes, but when I started the out-of-state Ohio tax return, I saw I owed $620 in taxes.) Where can I find the federal, OH, and PA forms for partially gifted assets?