Thank you for your response. It was my wife’s aunt who purchased the property in 1974. She generously added my wife as joint tenant in 1992 at no cost. The aunt passed in 2004.
Can we add 50% of what her aunt originally paid for the property in 1974, $2800. The property was not used for personal use and remained in both names from 1992 to 2004 when her aunt passed. Does that change anything? I assume we can add the $6500 in taxes paid over the years 2004-2020 to the basis. Is that right?
Where do I find the place in TT Premier (desktop) where it gives me the choice to indicate this was a land sale. I cannot find it. When I click Yes to "Did you sell any investments in 2020?" and No to "Did you get a 1099B....." I am presented with "Tell us about this sale". I don’t see a place to select the type of sale, e.g. Land. How do I get to that screen?
