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Investors & landlords
I have another question regarding the reporting of the capital gains for inherited property. I have the downloaded version of Turbo Tax 2021. The only way I have found to enter the info is to say I didn't receive a 1099-B for the sale. I then entered the information as a new sale but there was not anywhere to select 'other' to say that it was a home sale. It looks like the instructions you gave me were for the TT online version. So, I am wondering if I put the information in correctly. In the description of the sale, I put the address and then just put in the other info. Is this correct? I can't find anywhere else to enter the information as TT download doesn't have anything about a second home or inherited property listed. Thank you for your help!