U.S. Code § 2032A refers to inherited property. See this link for a more detailed explanation.
2032A. If it was not inherited and meeting all the qualifications listed, then choose between personal use and other sales not listed.
Line 1 Enter a code from the list below and describe the installment sale property.
- Code: 1. Sale property is timeshare or residential lot.
- 2. Sale by an individual of personal use property (within the meaning of section 1275(b)(3)).
- 3. Sale of any property used or produced in the trade or business of farming (within the meaning of section 2032A(e)(4) or (5)).
- 4. All other installment sales not listed.
