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.
First of all thank you for the very quick reply. Just a couple of follow-up questions / comments please.
My Premier Turbo Tax does not appear to have the drop-down question boxes that ask how you acquired the asset, etc. Also, I cannot find a way to add the Financial Institution (Title Company I think) name. This information is populated for my brokerage account (data was imported).
Doesn't appear to be an issue, but I would like to confirm that I have done all that is possible.