Investors & landlords

No, this is not a required attachment to your tax return.  Keep this with your tax records should you need it in the future. The sale of an inherited house is always considered long term so I have included the appropriate reporting process so that you get the capital gain treatment you deserve should there be a gain on the sale.

The sale of inherited property can be entered using the following instructions.  

1. Open or continue your return (you can choose the Search box and type 'sale of second home' then use the Jump to link to enter your inherited sale) or follow the menu.
2. Under Wages & Income scroll to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B)
3. Answer Yes on the Did you sell any stocks, mutual funds, bonds, or other investments in 2021? screen
   • If you land on the Your investment sales summary screen, select Add More Sales
4. On the OK, let's start with one investment type screen, select Other, then ContinueOn the Tell us more about this sale screen, enter the name of the person or institution that brokered the sale
5. On the next screen, select  Other (choose this also for inherited homes) then select I inherited it under How did you receive this investment?