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Inherited house Capital Gains Gain/Loss Calculating incorrectly in TurboTax
I sold an inherited house from my parents last year 2024.
The Gross proceeds is: $82,667
The Cost Basis is: $76,667
The Selling Expense is: $9009
The math says I have a Loss of $3009 BUT.... TurboTax software shows it is $0.00
Am I doing something wrong or is there a bug in the TT software???
Thanks!
Steve
March 11, 2025
9:09 AM